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BTBT Stock Price, Bit Digital Stock Quotes and News


Software
Bit Digital Inc is engaged in the bitcoin mining business. Its mining platform operates with the primary intent of accumulating bitcoin which may sell for fiat currency from time to time depending on market conditions. It generates revenue from cryptocurrency mining.
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Bitcoin Model Projects Continued Trend (BTBT, AXXA, MSTR)


Dan Morehead, CEO and co-chief investment officer at Pantera Capital, a blockchain hedge fund, noted this week in an emailed newsletter that Bitcoin was actually ahead of schedule toward its forecast of $115k.
Pantera’s prediction is apparently based on the stock-to-flow model, which is a way of understanding the value of an asset based on annual issuance timing. Ultimately, it derives its targets from scarcity as a function of time, which may be one of the rare ways to assign any definitive value standard to bitcoin.
In simple terms, issuance must slow over time based on its underlying programming. And price is a function of supply versus demand. ....

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