Thread by @IIICapital

1/ Public #Bitcoin miners raising billions of dollars in 2021 is the catalyst for Wall Street to question their skepticism towards $BTC.

Let me explain.

2/ It’s hard for Wall Street to deny that #Bitcoin mining is currently a financially attractive business.

Hence the number of miners tapping into public markets.

3/ This is because these mining companies are exciting emerging technology, high growth, and have high margins.

Nearly all early stage tech companies burn $ and still have multi-billion dollar valuations.

#Bitcoin miners have growth AND margins.

4/ #Bitcoin miners have high growth and have clearly established “product market fit”.

#Bitcoin itself is more of a unique commodity, and Wall Street focuses on cash flow or revenue growth.

They typically don’t like physical assets or commodities.

5/ #Bitcoin miners will force Wall Street to start asking real questions about $BTC.

- Why is mining so profitable?
- Why do these billion dollar companies want to hold Bitcoin?
- What is Bitcoin?
- When demand increases, why does supply not increase?
- What is money?

6/ Most high finance types know of #Bitcoin, but they quickly write it off and don’t dive deep into it.

Their own echo chamber prevents them from giving it much credibility.

citadel21.com/why-the-yuppie…

7/ Billion dollar #Bitcoin miners trading in public markets are beginning to force them to actually pay attention.

It shows Bitcoin is real. It’s not dead. It never died.

“Maybe you should get some in case it catches on.”