Mark Harvey
@thepowerfulHRV
Investor | Engineering and Finance background | $BTC $MSTR $TSLA $STRC | Views are my own and not financial advice
789 Following 23K Followers
Did you know that BitMine has a $STRC-like preferred stock, except it's backed by Ethereum?
Ticker: $BMNP
It currently offers a 9.5% dividend and is trading well below par ($100). I doubt ETH will even compound at 9.5% annually going forward, so to me this is completely insane.
I think the dividend will need to reach something closer to 15% for it to trade at par, given the additional risk of Ethereum.
A dividend that is not sustainable.
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If you listen carefully, you can hear Bitcoin’s auto-immune system rejecting BIP-110 in real time.
Bitcoin sellers are exhausted.
Tired of selling bitcoins.
El Salvador continues to buy 1 BTC per day, every day, like a psychopath.
