People who buy physical Bitcoin (gold) trying to beat the re

People who buy physical Bitcoin (gold) trying to beat the return of real (digital) Bitcoin are going to be in for some hard lessons in the coming years.

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Launching a new crypto treasury company is as easy as flipping a light switch which is why dozens will come out every month. Launching a world class scaled up data center company takes at least half a decade if you can even get the power and equipment (you can’t). Scarcity.

If Coreweave was really smart they would try to buy Cipher. The issue is that Cipher is so valuable they might not be willing to sell at any price.

I told you Coreweave would make another attempt at Core Scientific or another miner. They have to move down the stack to the foundation to protect their core franchise long term. This was inevitable. If they can’t buy Core they will try to buy Cipher.

Something just happened. Did someone just mention miners on CNBC or something?

Bitcoin Miner Riot Unloads Another 6.5M Bitfarms Shares. Riot has sold ~15M out of 90M shares. Still a ways to go to clear the deck here. I’m interested at 50 cents for a trade. https://theminermag.com/news/2025-06-21/riot-bitfarms-bitcoin-offload?utm_source=substack&utm_medium=email

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