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I made an explainer about how you can buy Bitcoin on the stock markets with GBTC, OBTC, ETFs, etc.

I made an explainer about how you can buy Bitcoin on the stock markets with GBTC, OBTC, ETFs, etc.



View Reddit by stellarowl12View Source

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  1. I am surprised at the lack of focus on the miners. They provide a leveraged play on bitcoin, the same as people invest in gold miners instead of gold. The talk of how they need cheap electricity to be profitable is obsolete. Just last summer, most were struggling to be profitable with bitcoin less than 15K. Since then, the price doubled and doubled again. They go from basically surviving to 60+% profits in the span of 6 months. Check Marathon’s press releases with 2021 revenue projections. Marathon is by far the largest publicly listed miner with 10 times the petahash of most competitors. As much as the miners have moved up, they are way undervalued in relation to the profit growth they have experienced and will experience with 40K+ bitcoin. I tried to post my spreadsheet of the listed miners with their planed 2021 petahash capacity, estimated bitcoin production and projected share price but was not allowed for being off topic.

    Besides Marathon (MARA) check out Bitfarms, Hive and DMG.

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