RE: Upcoming Bitcoin bull run4 Sep 2023 11:01
Richie- i agree on some of your points (which is a first for me). Until Qbt has direct exposure to BTC then the movements will be muted to a certain degree. However , given the tiny market cap for QBT, any news linking Qbt to BTC directly, such as mining revenue will rerate this stock multiple times to be in line with other entities in this space. Given where Qbt are right now , i genuinely feel the MM's are keeping this very low and will have to start releasing upwards at some point soon. The great USP for Qbt is that the software licensing model negates the need for millions of pounds of hardware costs and the financial risk is very minimal, unless FG decided to start mining themselves.