2/19/25 - $btdr - Building core position <$152/19/25 :: VROCKSTAR :: NASDAQ:BTDR
Building core position <$15
- will post on this one a lot in the coming year(s)
- Jihan founded bitmain which supplies 90% of the bitcoin chips today, was kicked out and is coming back to own the whole industry
- NASDAQ:BTDR is a semiconductor company that looks to the untrained eye as "just another miner"
- the smartest players want to own as much of this as possible. Jihan has controlling interest, he's not selling, so they'll need to hit the open market
- genuinely hope they send this thing back to sub $10, and i'll take it to a 10-15% position and probably with big leverage too.
- for now, i'm starting with a 1.5% position and will look to grow it.
- when i say you need to buy stuff within bitcoin that will outperform the bitcoin pair in the LT... and because otherwise you just become a beta punching bag (like the other miners that are price takers), this name making it's own chips can do just that.
V