/biz/ - Business & Finance

>>58353002
>supply crunch

Lol
Lmao

Look at how many Bitcoin are actually produced every day versus what is traded every day.

Supply has nothing to do with price action, as 99% of Bitcoin have already been produced and in circulation.

>>52958664
>The biggest threat to Bitcoins price has just started to happen.

Dear brainlets.
CORZ has already sold ALL of it's 12,000 BTC earlier this year, which is part of the reason the price crashed so hard.
They are still mining and selling BTC immediately at a loss every time, which is causing downward price pressure, but the good news is these motherfuckers have just filed for bankruptcy and will soon stop dumping on the market.

Contrast this with a mining stock like MARA who have not sold a single mined BTC this year and promised not to do so unless needed to pay short term debt only. They have over 12,000 BTC on their books and only increasing production in 2023, so if you want leveraged BTC exposure going into the halving, MARA is KING of the Bitcoin miners.
Also US based.

>>52772462
Michael Saylor is the hero we need but do not deserve.

He's right. Cyrpto has become a cesspit of sleaze, Ponzis and fraud.
Shitcoiners deserve the rope. Casinos already exist, and if you want to gamble, fuck off to a casino, instead of polluting this environment.

Bitcoin is the only true crypto commodity, all others with a premine or ICO are illegal securities and deserve to be taken out behind the shed and shot in the fucking head.