MicroStrategy vs Bitcoin: the gap is closing
Since 2020, MicroStrategy has primarily been a Bitcoin holding company. Yes, they engage in other activities, but the bulk of their business value stems from the Bitcoins they possess.
During this period, MicroStrategy's stock (MSTR) has frequently outperformed Bitcoin (BTC).
CoinShares Mining Report: The Halving and its impact on hash rate and miners cost structures
The Bitcoin mining network has experienced meteoric growth, with an increase in hashrate of 104% in 2023. This rapid expansion raises concerns regarding its sustainability, both from an environmental standpoint and in terms of the mining network’s profitability. In this document, we aim to address both of these important issues. Our final results of the average cost of production per Bitcoin, post halving for each miner are listed below, highlighting the average cost of production is US$37,856.
Incentives Are Not Enough
Imagine a billionaire kidnapped a random person and said:
Here is a camera, banana, bicycle, sundress, and porcupine; you have one day to make a funny video using them all. I’ll upload it to YouTube, and if it gets “enough” views in the first day, I’ll give you $10B. If not, I’ll kill you and your closest twenty relatives. No, I’m not going to tell you my “enough” threshold. Go.
