Bitcoin Miners Would Rather Sell-Off Stocks Than BTC
Bitcoin mining has been a profitable venture especially since the price of the digital asset began to surge. But despite the increase in price, miners have continued to choose to hold their coins instead of selling them. Rather, these mining companies have taken to selling stocks to fund their operations. This has continued into the […]
Related News
The CEO of Tesla Elon Musk has shaken the finance world once more, and the consequences could impact Bitcoin. Via his Twitter account, Musk asked his followers if he should sell 10% or around $25 billion of his company’s stocks as a result of potentially new tax requirements on unrealized gains to be implemented in […]
The chief global strategist of JPMorgan Asset Management has advised investors to focus on valuations, invest in value stocks, sell crypto, and steer clear of bitcoin. “The Federal Reserve is overestimating the strength of the U.S. economy as it feels guilty about the fact that inflation went up under their watch,” he said.
JPMorgan Strategist’s Recommendations
JPMorgan Asset Management’s chief global strategist, David Kelly, has some advice about what investors who are worried about a hawkish Federal Reserve should invest in.
Following the....
Stocks and Cryptocurrencies. In the world of stocks and shares, we use specific language. We choose our phrases carefully. The world of crypto has now adopted that very same language. In order to assist in the education of future traders, I have put together this helpful guide. Now you will be able to speak fluent stockbroker. Use the tools wisely in the world of Crypto and don't buy the shiny suit just yet. Phrase 1: "This stock/Coin is currently overvalued": It's doing well, and I don't have any. Phrase 2: "There is great value to be had in the market/stock/coin at this time": It's....
The on-chain indicator Puell Multiple shows Bitcoin miners don’t have much incentive to sell at the current price level. Puell Multiple Values Are Still Relatively Low At The Current Level As pointed out by a CryptoQuant post, Puell Multiple values are still not too high, implying miners may not feel pressure to sell at the […]
Bitcoin miners have been in a bind for a while now. When the price of the digital asset dropped, it inadvertently affected the cash flow and profits made from mining activities. Hence a lot of miners have had to sell off their BTC holdings to make ends meet. Public miners have not been left out […]