$iShares Ethereum Trust ETF(ETHA)$ $Netflix(NFLX)$ $MasterCard(MA)$ π¨π°ποΈ Ethereum $ETH flips MasterCard to become the world's 22nd largest asset by market cap. $ETH surpasses Netflix in market capitalization π¨π°ποΈ
Imagine the difference between Ethereum treasury companies Bitcoin miners.
Eth Treasury's - Buy $ETH at a massive discount because of larger than 1.5x NAV - Stake it for more $ETH - Grow at an exponential rate since their debt is growing at a fraction of their assets, with a very accretive solution. And do so with the overhead of 5-7 employees.
Or
Buy miners that depreciate very quickly because of the massive increases in hashrate, from strong competition, all around the world. - Pay a entire fleet of employees to help deploy/manage it all. Constantly try to buy more machines at the right time to compete against the rest of world, without going broke. You barely make any money. In fact, if Bitcoin's price doesn't go up quick enough, you don't make any at all.
Which one seems like the better investment opportunity?
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