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The Path To $100,000 Bitcoin | Adam Back

Supply Shock

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Mining Industry and Blockstream's ASIC

This chapter explores the mining space in the Bitcoin industry, focusing on Blockstream's new ASIC product and their investment in it. It delves into the manufacturing process, the opportunity for speculation in miners, and the trend of big pre-orders. It also discusses the excess inventory of miners being sold below manufacturing costs and the fund's strategy to take advantage of it.

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