Santo Mining Corp (SANP)

[SteveWin]

If $BTC falls to $10k, I (and many others, I think) sell stocks to grab the $BTC opportunity. If $BTC keeps rising, NEW money keeps going in to Bitcoin, and profit takers/sellers there start bidding up crypto stocks here.

Because Bitcoin mining companies actually create new Bitcoin, buying a mining stock (provided it ACTUALLY HAS MINING CAPACITY, unlike some BTSCAMs out there..) is sort of like having a savings account that pays in Bitcoin. Since we have no way to deposit Bitcoin and earn interest on the balance, mining stocks provide a nice surrogate. (I know, converting USD into Bitcoin, holding the coin, then selling for more USD, works like "interest", but what if the coin you held was earning more coin before you sell it at the higher price? That would be like interest on interest, and if the mining companies start paying dividends, then you realize the gains-on-gains for as long as you hold the stock.. which you don't have to sell to get the gains.