Tag Archives: Bet

Canaan’s American IPO Is a $100 Million Bet on a Bitcoin Bull Market

Bitcoin mining is a delicate balance of these three factors: equipment efficiency, electricity costs, and bitcoin price. Miners often have control over the first two factors but they are at the mercy of the dominant cyptocurrency’s volatility. Fortunately for miners, there’s one event that can help them stay profitable. Continue reading Canaan’s American IPO Is a $100 Million Bet on a Bitcoin Bull Market

Bitcoin’s Parabolic Move Shows Why It’s a Sucker’s Bet

Bitcoin has been on a tear lately, exploding from $3,000 to over $13,850.While pundits try and ascribe reasons for the move, bitcoin traders who have managed to ride the wave are cheering. For now. If anything, this wacky move only serves to support the long-term bearish argument on bitcoin. Continue reading Bitcoin’s Parabolic Move Shows Why It’s a Sucker’s Bet