Thesis

Bitcoin mining stocks halve as ‘turbo-charged’ thesis plays out

Bitcoin mining stocks halve as ‘turbo-charged’ thesis plays out

Just as the price of bitcoin has steadily declined from highs of near $70,000 to around $42,000 today, so too have the share prices of the biggest crypto mining companies fallen. But the decline of those mining stocks — which experts believe represent a kind of turbo-charged proxy for the price of bitcoin — has …

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A Key Thesis for Bitcoin's Long-Term Bull Market Just Got a Knock

A Key Thesis for Bitcoin’s Long-Term Bull Market Just Got a Knock

A popular narrative argues the massive stimulus programs from the Federal Reserve, launched to counter a coronavirus-induced recession, could hyperinflate the economy and fuel a major rally in bitcoin.  However, that bullish theory, which suggests the cryptocurrency would be viewed as a hedge asset in dire economic times, has been dealt a blow by recent …

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