Crypto influencers on Twitter/X are the lowest form of life. They regurgitate the same talking points 24/7 in an echo chamber of bias confirmation to their sheep followers. There are no circumstances that would ever cause them to become bearish on Bitcoin miners before they go bankrupt and bullish on gold mining/exploration stocks that could make triple digit gains within 3-4 weeks of the halving and gain 5-10X in value within months.
According to Mike Alfred who spends 24/7 pumping Bitcoin miners on Twitter/X, "Fees on Bitcoin feel like they’re about to absolutely explode higher over the next 12 months and there is no way this is priced in. The miners are trading like no one in the sector is going to make money this cycle. Generational wealth will be made fading the negative sentiment."
The average Bitcoin transaction fee is now $20+ up from $2 six months ago.
How much higher does Mike expect Bitcoin transaction fees to go? If Bitcoin costs $200 per transaction would that allow Marathon Digital (MARA) and Riot Platforms (RIOT) to avoid bankruptcy? Who will use Bitcoin if it costs $200 per transaction?
The only negative sentiment is in gold mining/exploration stocks because people believe Bitcoin will moon to new all-time highs after the halving and gold/silver will "disappoint as always".
Afterall, the rally in gold/silver is for "geopolitical reasons". Nobody is buying $200 million worth of gold bars per month at Costco. Who cares if gold miners begin to report record QoQ earnings/cash flow growth in the weeks ahead? Who cares if gold miners desperately need to acquire gold exploration/development companies with near-term production potential?
Preparing Americans for Hyperinflation
