Looks like all these “mining companies” are just betting on BTC price to pump to $1 million soon.
Lol dude is shilling a t bill app “full faith and credit” while talking about something he read an article about once and doesnt understand. Words like “crypto winter” and “regains 70% of it’s value” are dead giveaways that someone heard of bitcoin last week and started talking.
True, it was full of buzz words but still makes a good point about how they will never make a profit from mining, just a front to attract investment. Eventually it will collapse.
Yeah, he also stated it as a fact that that one corp lost billions because of the fake insulin tweet in amother video. Still, the largest part of the video makes sense to me. Mining corps pumping investor money into ASICs are literally burning money, you can’t mine Bitcoin faster by buying more hardware and the only way this ends is by everyone going bankrupt and the last corp standing then consolidates most of the Bitcoin hashrate by buying all of its competitors assets for pennies on the dollar.
