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Well then his point about Bitcoin not being guaranteed as a growth asset is irrelevant - that assumption applies to any investment derivative of Bitcoin or obvi
by mattwilsonn888 4y ago
Well then his point about Bitcoin not being guaranteed as a growth asset is irrelevant - that assumption applies to any investment derivative of Bitcoin or obviously, Bitcoin itself. The real argument is what the returns on mining stocks are compared to ownership, and the magnitude of that difference is what's important; there should be some difference (investors are paying for not having to custody Bitcoin, among whatever regulatory benefits they may get from using the stock market) and those benefits are not quantified in this article as far as I can tell.
- t_mann 4y agoWhat this guy's doing is called 'talking your book'. It's typical behaviour for shortsellers, they find a company that has some problems that the market hasn't realized yet, they quietly build up a short position and then go public with their report, trying to convince other investors of their idea, driving down the price and earning a return on their short position. It's not pro bono educational work.
- mattwilsonn888 4y agoI guess HN only has an appetite for financial advertising when its bearish on crypto. I don't understand why it should tolerate such pieces at all, but they love to hate crypto here by any means necessary.
- deleted 4y ago[deleted]