The notorious phrase from 1996’s “Jerry Maguire” movie is on the lips of investors watching the state of the Bitcoin mining market as it faces its next crunch point: April's Bitcoin Halving.
He added that any company “that is not able to execute on that will suffer because shareholders won't trust them with money and you'll have capital flowing to others, that people really trust and are willing to support.”Gaining investors' trust could be tough, but not impossible if a company knows which options to utilize correctly, Genoot said.
“Miners who embrace the halving and capitalize on bear market prices for hardware stand to reap substantial rewards, with shorter ROI periods and enhanced profitability throughout the halving epoch,” the report said. A miner can buy cheap mining rigs that are new and more efficient, but if they aren’t plugged in with a cheap source of power, miners won’t be profitable, failing to gain investors' confidence.
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