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Crypto’s 2023 “Health Check” | Vance Spencer
Forward Guidance
Bitcoin Miners Don't Hedge, Do They?
Bitcoin miners don't hedge, they're playing the same directional game as everybody else. A Bitcoin that they mined for $5,000 is going to be worth a hundred thousand someday. And it's just crushing the Bitcoin price. The crypto industry is not stable enough to invest in like the real estate industry is in.
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