You are reading a single comment by @%~} and its replies.
Click here to read the full conversation.
-
market kept artificially inflated by controlling supply and distribution
See also: new build houses, high end watches, ltd edition Rapha x Palace jerseys.
I still can’t quite get my head fully around the ‘mining’ element of Bitcoin and who has access to that.
%~}-
China has a huge stake in mining, Russia is moving in and Iran and Venequela have recently announced they will move in to mining to get around sanctions. Anywhere with cheap energy. Some of the miners are public and have done really well recently, is one way to get exposure still within an ISA:
https://www.fool.com/investing/2020/12/30/bitcoin-hits-all-time-highs-causing-bitcoin-miner/
greentricky
If there is no supply (an artificial constraint by whales hodling) on exchanges and it is all being bought up OTC, how does that not drive up retail price?
I fully believe it is a manipulated market by whales
It's no different than De Beers and diamonds is it with the market kept artificially inflated by controlling supply and distribution