In this LOTM Note:
- Information on what is driving Bitcoin’s Price.
- Why select Miners are being bought and other are being sold short
- What in might meat for other Alt-coins.
I have attached a 16 minute video that describes what is helping drive the price of bitcoin. Of course it is not as simple as price go up. There are games and strategies being put on by large players (Hedge funds) what involve Convertible bonds the shorting to hedge or arbitrage those convertible bonds – who benefits and who is held back by these strategies. Instead of writing it is best to just listen to the sixteen minute video. Speed up the presentation if you are short on time.
Please see this video it you are involved in crypto or Bitcoin miners. It is not all bad or all good. It is important for you to know what is playing out so you, we can benefit.
This is not a message to say sell your bitcoin miners if you own them. It is education to understand what is happening and to be strategic in your actions, knowing why you are making certain decisions.
Exciting times. Best of success. Tom
