Bitcoin mining CEOs remain 'upbeat' five days away from the ha | Bitcoin & Crypto Trading
Bitcoin mining CEOs remain 'upbeat' five days away from the halving, Bernstein says
CEOs at leading Bitcoin mining firms remain "upbeat" ahead of this week’s halving event despite failing to outperform bitcoin year-to-date, according to research and brokerage firm Bernstein. The underperformance is due to strong U.S. spot Bitcoin exchange-traded fund flows “sucking away” retail liquidity from miner stocks and concern regarding the halving’s impact on miners’ revenue, Gautam Chhugani and Mahika Sapra wrote in a note to clients on Monday.
