#978 Dylan LeClair On Bitcoin’s Illiquid Supply Continues To Hit All-Time Highs
The Pomp Podcast
00:00
The Market Cap in Bitcoin Terms
The miners themselves, they had an epic run, and we've seen their prices crash pretty significantly. We've also seen coin bases, stock come down to about two times revenue. Thei'r balance sheets hold a significant amount of bitcoin, depending on the minor, and also just their net income. They know, the p e ratio in b t c terms, it's about, you know, two or three right? So there's obviously operational risk. There's obviously risk of a rising hatch rate and a falling price, which further nishes these minors margins. Ah. It's starting to look like somebody's are pretty good by. But if you're looking into public markets,
Transcript
Play full episode
