1 Month on.. Here is CRYP etf today
Some Bitcoin mining wisdom below:
As of January 2023, 19.3 million bitcoins have already been issued, with about 1.7 million bitcoins still to be released.
Year 2140 is the time limit for mining.
What Happens to Bitcoin After All 21 Million Are Mined? (investopedia.com)
Below CRYP:
CRYP ASX | Crypto Innovators ETF | Betashares
A look at Australian (listed NASDAQ), IRIS:
IRIS ENERGY web site:
The process is simple and essentially:
- Mine Bitcoin
- Sell Bitcoin
- Pay energy bill and overheads
May '23 Iris Energy Investor Update
CRYP had a purple patch when the American Regional banks were imploding from the swift rise in interest rates via FOMC - "lower inflation policy"
Silicon Valley Bank & others invested in the Tbonds then they had liquidity problems. I believe.. The swift rise in interest rates didn't allow for the investments to mature,
2924-02673418-2A1453369 (markitdigital.com)
CRYP 1 year chart Below:
Web site: CRYP ASX | Crypto Innovators ETF | Betashares
Fact sheet: CRYP-Factsheet.pdf (betashares.com.au)