#434: Capital in the 21st Century with Allen Farrington
TFTC: A Bitcoin Podcast
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The Importance of Inventory Management in Mining
Mining is hyper cyclical, right? And it all comes back to timing. Maybe right now or six months ago to go into some debt in the mining industry, even though economics are bad. It's like, all right, we can assume that we're a little bit, we're close to the having or you're from the having. The bottom of the market, maybe it doesn't make a lot of sense to go intoSome companies had massive Bitcoin treasuries and did not sell any when Bitcoin had 60k in 2021. They held it or like we're accumulate accumulate, accumulate. But then they finally relented and their hand was forced and they sold at 20k later
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