2024-04-25 10:00:00 ET
Summary
- Core trades for less than 1/2 the multiple of its peers.
- Core is not selling shares and management has been buying while their competitors do the opposite.
- Emerging from bankruptcy, CORZ hasn’t gotten the uplift of large institutional ETF inclusion yet.
- Insider buy timing is indicative of the nearing tail of post-bankruptcy holder selling.
Everyone should own at least some Bitcoin ( BTC-USD ). What’s the right amount? 0% is too little. 100% is too much. For over a decade, my answer has been 10%. Should you buy or mine? I’ve done both. I participated in multiple government auctions for Bitcoin starting ten years ago and have continuously owned it both directly and indirectly up to today. While I’ve both purchased and mined it, my preference has largely been to simply buy it. I particularly liked buying Crypto before various cryptocurrencies were added to convenient exchanges such as Coinbase ( COIN ), when they tended to get more expensive, and again when they were offered in spot ETFs such as Fidelity Wise Origin Bitcoin Fund ETF ( FBTC ). But that’s changed today. Today, there’s a single miner that offers more leverage to Bitcoin’s upside. I’m confident that Bitcoin will double from here at least once more. If it does, I don’t want to be just in Bitcoin – more than anything else, I want to be in Core Scientific, Inc. ( CORZ )....
Read the full article on Seeking Alpha
For further details see:
Bitcoin And The Best Miner: Core Scientific