The Future of Crypto Miners Hangs in the Balance: Galaxy's Warning Publicly traded
cryptocurrency miners are facing a new challenge, warns a recent report by Galaxy Research.
Bitcoin ETFs, now on the scene, have given investors an alternative way to ride the Bitcoin wave. Before, mining stocks were the go-to for exposure to Bitcoin's growth.
The competition is heating up as
sophisticated investors flock to these ETFs, forcing miners to prove their worth in terms of earnings potential.
In the short term, investors will be weighing the pros and cons of mining stocks against the allure of ETFs, says Galaxy's VP of Mining, Brandon Bailey.
Retail investors may see miners as a
leveraged bet on Bitcoin, with ETFs setting the performance bar.
