Bitcoin Production is Halving in April

In April, for the first time in four years, Bitcoin will “halve” the amount of Bitcoins that can be produced. That is good for Bitcoin, but many of the Bitcoin mining stocks are getting killed.

Some of our traders, like Chris Brecher, are using this thesis to short BTC mining stocks with day trades. Eventually, these stocks will follow Bitcoin, but for the next month, they usually underperform until the halving. For example, look at CLSK down 10% on Thursday.

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