I love the bitcoin miners for the service they provide in securing the Bitcoin monetary network but I'm not a fan of them as investments. As you've mentioned, all the regulatory risks with Bitcoin (which is low now that the bitcoin spot etf's are approved) apply to the bitcoin miners (since that's the source of their income) However, regulatory risks to the bitcoin miners do not necessarily apply to Bitcoin Remember when mining was banned in China and all the miners had to flee out of China? Nowadays, there's talks of restrictions in the US, there was something recently that thankfully got killed about a White House emergency on mining using too much energy... and now a proposal to tax 30% of income of miners in the US and I don't even follow the news, I only read snippets so who knows of other things that are being planned for the miners The miners are being pushed out of the US, Russia and Iran and Africa and the oil-producing and energy-rich countries will be the ones getting all the mining power This is good for bitcoin, take the power away from the US and other (western) countries that are pro-CBDC and pro-fiat
UMmm...so what were you saying??? And lets keep in mind that I was calling this correction BEFORE the rally lol. Back in October I was saying it was going to hit 60k in Jan and would correct to 40k after that. It's like flying a plane, they say you should be 15 minutes ahead the plane...well in stocks you need to be 3-6 months ahead of the price.
If the president with Alzheimer's succeeds with this extra miner TAX plan... the miners will simply disappear from the US and set up shop in Canada (tax breaks to miners there), and other countries like Argentina (very good energy deals), etc. Then the miner-tax will be shifted into OTHER sectors (once it's official, you can't stop it from spreading)... of course, the companies are forced to make the working-class pay for it through inflated prices. So you're not really taxing any company... it's the 'people' who always pay in the end. As tends to always be the case, people allow their politicians to keep turning the screws...