When bitcoin prices continue to drop, smaller miners with higher electricity costs often reduce their operations, which will probably help publicly listed North American miners pick up “meaningful” market share, analyst Jonathan Petersen said in a note. Source link … [Read more...] about Bitcoin’s Slump Is Good for Crypto Miners Long-Term, Jefferies Analyst Says
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Jefferies’ Wood Urges Banks to Embrace Blockchain, Add More Bitcoin Exposure
Banks should focus on blockchain technology and investors should increase their bitcoin holdings while trimming gold exposure, according to Jefferies Global Head of Equity Strategy Christopher Wood.“This concept of how [blockchain] has begun to eat conventional finance is why all banks should be focused on the technology to see how to try and profit from it rather than to wait … [Read more...] about Jefferies’ Wood Urges Banks to Embrace Blockchain, Add More Bitcoin Exposure