Bitcoin halving: 'We're in a bullish scenario for price appreciation,' Riot Platforms CIO
Bitcoin (BTC-USD) prices are holding above $63,000 as the cryptocurrency gives up some ground on Monday. The bitcoin halving event is projected to take place this Friday, April 19, which operates to reduce the amount of available bitcoins in circulation once every four years.
The bitcoin halving directly impacts the profits of bitcoin miners, including Riot Platforms (RIOT). Riot Platforms CEO Jason Les speaks with Yahoo Finance about Riot's preparations for the halving and the "compelling" upside effects the crypto space is currently experiencing, despite whatever "rough patch of volatility" the halving will bring.
"The price appreciation in the first part of this year following the approval of various bitcoin ETFs, I think, has really helped dampen the negative impact of the halving will have on miners because we've already seen some upside. from this," Les says, later adding: "Our value proposition to investors is that through our low cost to power, we are effectively purchasing bitcoin at a discount to its market price. We are getting leverage on bitcoin nd we... expect to have more outsized returns when the bitcoin price appreciates."
Want to learn more about the bitcoin halving? Watch this video from Yahoo Finance for a quick explainer: Bitcoin halving: Explained
#youtube #bitcoin #crypto
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Пікірлер: 59
All markets went down. Bitcoin was first because it’s always open. Other markets aren’t
@mecca777
4 ай бұрын
💯
@JeDxDeVu
4 ай бұрын
Amazing how people forget this.
Buy buy buy
@Guevvara
4 ай бұрын
Today my account on Coin Market was blocked for telling the truth! Bitcoin was conceived to enrich the POOR segments of the population, as a SUPER-VOLOTABLE tool! But now that the capitalists have arrived, you can forget about profit! This sludge will be at the bottom for years! And with minor fluctuations, you will rejoice in WHAT IS!
Gaming coins are going to boom. Gala games, GFAL, etc.
We need to keep them manipulators at bay...they try buying when low to keep selling high dont let them buy low and continue to lose money doing so
. . . .Bitcoin to 10million by 2033. Nothing can stop what's coming
One of the ideas of Satoshi was precisely this, make miners to always purchase best technology because that will produce the best network, always on top! BTC is pretty safe in hands of people like this dude!
Bitcoin is at $67k right now
Yeah yeah yeah. A bunch of nattering nabobs. The price will go up. No one knows how quickly or when. I've owned BTC via Grayscale for almost three year. Yeah, there was a real rough patch but now I'm sitting pretty again.
If the halving theory was correct..the value should have been close to $140K by now but it's not because this imaginary asset is based solely on what the next person is willing to pay...basically a sucker's game. No real intrinsic value...
@paulthomas1334
4 ай бұрын
Just like the piece of paper called a dollar
@TheBuckeye32
4 ай бұрын
Us dollor is mear paper
@JeDxDeVu
4 ай бұрын
Remember guys whenever someone mentions “intrinsic value” you know they’re clueless. Bro Facebook, instagram tiktok are all imaginary assets. They’re all code running on digital protocols. When KZreadrs upload videos that generate revenue, their videos are just code, the views are code, the likes are code. Music is now just code. Is all of this only worth something if it’s on dvds and tapes? Everything is digitised. People lose huge revenue streams when they’re instagram, twitter or onlyfans get suspended. You going to tell them it’s worthless because it’s all just imagery code? Australian economics bro! Read some. Not online though, that’s code. Get a book lol
Bitcoin will go higher when banks will start showing weakness
@jamiethomas3306
3 ай бұрын
Well no that really doesn’t have an impact right now. Now if you are talking about a possible total collapse then that might also be either very good or very bad for Bitcoin as inflation, unemployment %, other economical factors such as that Nasdaq S&P going into the toilet. I then disagree strongly with your opinion.
All small miners won't survive. The only ones with solid potential are cleanspark and mara to some extent
this guy beats around the bush. he never gave a price with regards to h is break even price. he beat around the bush with gigwatt hours and electricity cost but didnt answer the question
Looks more like getting closer to half the value from all time high!!
@Nono-rh4lr
3 ай бұрын
How’s it looking now?
So when moon
War starts people buy gold. People need to flee from war, have no idea what to do with all their gold 😂
@Nono-rh4lr
3 ай бұрын
Yup. But you can take your bitcoin wallet with you
TULPMANIA 2.0
My boy got beaver teeth
The energy costs are in
Good morning sir
Your stock is down 40%… “Uh….” 😆
@user-ll9qk2el4d
4 ай бұрын
That's a very simplistic way to look at it. It really depends on which asset you bought, when you bought it, and when you sold it. META was up 130% in the past year and 45% YTD. Bitcoin went from $60k to $17k from 2021 to 2022 and back up to $62K today. As far as I can tell, Bitcon moves in the SAME DIRECTION of stocks and the economy, so don't wish the stock market to crash, because it'll take Bitcoin down with it... and no, my portfolio of stocks is still up 30%+ after the recent corrections. It has nothing to do with the fact that they are stocks, but a combination of the state of the economy, picking the right ones, and luck.
There is only 1 TER that’s gold.anything els is a liability
@jamiethomas3306
3 ай бұрын
That is a very poor take on liabilities and assets. I’m sure you can elaborate more about what you believe is an asset vs a liability
@marceldekker2149
3 ай бұрын
Alan Greenspan (gold is money any thing else is a liability)
@marceldekker2149
3 ай бұрын
Banks are biggest buyers of gold.😉
Its a joke having New game.😂😂😂 It go down white stocktmarket crash it’s a liability not money
@Nono-rh4lr
3 ай бұрын
Going to be interesting to see what you think 3 years from now.
@marceldekker2149
3 ай бұрын
@@Nono-rh4lr you think i was stupid to buy a klick backt by nothing
Chumpers
Timer running. Keep no more money in Banks than you can afford to lose’ ⏳ ⏰ 🥂 Digital passports, inflation and world 🌎 crises are a reminder of the urgency of moving into Bitcoin Litecoin and crypto.🏃🏽♀️ Hashrates for both at all time highs ⚡️
@Nono-rh4lr
3 ай бұрын
Bitcoin yes. Lite coin no.
@rjames3981
3 ай бұрын
Litecoin no 1 coin for payments last 6 months on the biggest and oldest crypto processor. Bitcoin 2nd. With limited supply for both, price should ultimately follow use.
What are the best additions to a $600k portfolio to boost performance?. ETH is Up and will do better, I believe as indicators for profits continue to improve, investors like me believe that "Santa has come early" to the markets...
@meyerdebeer-je6vi
4 ай бұрын
I think you're better off with majority investment in bitcoin and uprising equities cos they always outperform. Alternatively speaking to a certified market strategist can help with pointers on which to acquire.
@meyerdebeer-je6vi
4 ай бұрын
Elissa Dawn Sharon is the licensed advisor I use. Just research the name. You'd find necessary details to work with to set up an appointment.
@Nono-rh4lr
3 ай бұрын
Run away from ETH. Short term fomo will drive it up but it’s a dying chain. Old and slow. They will try to keep it alive but eventually the better technology will win. Hold BTC long term safest olay
Bitcoin is biting the dust
Bitcoin will eventually go to zero
@tonynunez6539
4 ай бұрын
Planes will never fly. The internet will never replace the typewriter. Cars will never become electric. Msft, amzn, tsla, aapl will all go bankrupt. The cell phone will never work. Any more predictions you want to make?
@MrBakerboy19
4 ай бұрын
u obviously did your homework
@cstbrent81
4 ай бұрын
😂😂😂😂
@monster2783
4 ай бұрын
We know you're broke
@moneyman24258
4 ай бұрын
He mad he didn’t invest 😂