Need assistance from some of our more knowledgeable posters Not looking to get bashed. Just requesting for some help.
Disclosure:
- Have been long HIVE so far.
- Just a small position (8,000 shares at ASP $2.59)
- Trying to understand the technology… from the “it’s game changing” sentiments to the “DOA bubble about to burst” opinions.
So today I see an article (at the link below) re: OMERS and Som Seif investing in Ethereum. He previously built & sold Claymore ETF’s (sold to Blackrock for $$$) and now runs Purpose Investments (founded after his non-compete expired).
From the article:
“Ethereum Capital closed a $45-million financing in February and plans to go public in April through a reverse takeover of a company listed on the TSX Venture Exchange. It will stay away from crypto mining, which Seif calls a "bubble" and a "worthless activity in the long run."
So my disconnect & question is how do these big players get so excited about Ethereum but not the
mining of it? Aren’t they interconnected? Isn’t mining necessary to create the Ethereum that they want to buy/use/invest in?
https://www.theglobeandmail.com/globe-investor/funds-and-etfs/etfs/som-seif-says-hes-preparing-for-etfs-to-become-obsolete/article38206356/ Informed responses appreciated. Trying to decide whether to load up or not.
Thanks!
SKIdad.