That means those that HODL, for the most part, don't sell their positions, while traditional investors trade it in a similar way they trade tech stocks.īitcoin miners like CLSK, on the other hand, can embrace both mindsets. Why this matters is early adopters still view Bitcoin as a store of value, while institutional investors consider Bitcoin a high-growth asset, and trade it accordingly. There were the early adopters that continue to HODL Bitcoin, and the newer players, represented by wealthy individuals, large financial institutions and hedge funds. The first thing to understand about current Bitcoin investors is there are now two different types. In this article we'll take a look at how new investors are trading Bitcoin and the Bitcoin miners, and some of the steps CleanSpark has recently taken to position itself for the inevitable rebound in the price of Bitcoin.
This is especially true of high-growth assets that Bitcoin has now been lumped together with by relatively new investors in the sector, which base their investment strategies on the movement of interest rates that have of course been rising lately, resulting in them lowering their estimates on future cash flows.Ĭonsequently, this has driven the share price of CleanSpark and its peers down in conjunction with the price movement of Bitcoin, bringing about what I believe is temporal but significant decrease in its share price. All of this is in response to the plunge in the price of Bitcoin ( BTC-USD ), which is based upon the weak economic conditions that have plagued the markets. Over the last year CleanSpark ( NASDAQ: CLSK) has taken a beating, dropping from a 52-week high of $23.60, to a 52-week low of $3.75.
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