Build A Bright Future As A Crypto Miner

gtechmining.com

Let's address this frequently posed question before delving further into the future of mining finance: Why invest in mining firms when one can just purchase digital assets from an exchange?

Given that many institutional investors are still unwilling to participate directly in cryptocurrencies owing to regulatory concerns, the major reason investors put their money into public crypto mining shares is that they serve as a stand-in for investing in bitcoin.

Theoretically, investors can profit from the mined currency at a lower cost than its market price while owning a legitimate business by investing in mining equities that hold onto their mined bitcoin. These conventional investors can easily purchase or sell shares of the publicly traded miners at the same time.

Simply call your stockbroker as normal; there is no need to set up a sophisticated bitcoin wallet or register an account with some internet exchange or specialist market maker.

According to Ben Gagnon, chief mining officer of publicly-traded mining company Bitfarms, "public miners are the best option for most investors because they provide exposure to this rapidly expanding asset class through their existing portfolios with liquidity to more optimally enter and exit positions" (BITF).

Publicly listed miners can be a better value for investors, especially in a bear market because their values are closely associated with those of crypto assets (up to 70%), and the shares frequently provide a larger upside when the market ultimately recovers.

Given the lower market and higher mining discounts, Gagnon continued, "Investing in mining is attractive as miners essentially serve as leveraged exposure to bitcoin."