The price of BTC is not the only driver of miner stocks. Look at what was going on in the first quarter of this year. BTC price beginning to surge, well publicized, huge additions of BTC to corporate treasuries, institutions changing their tune about BTC, change in administration, stimulus checks, huge money printing (actual and proposed), expansion of COVID shot availability, etc.
All of the abovr led to FOMO in the crypto market and appreciating miner stock prices. INTV released some positive PRs which juiced gains. That peaked in the Feb/Mar time frame.
Since then, BTC has leveled off, stimulus has reduced (proposals but nothing done yet), ATHs week after week in the stock market has people worried, concerns have come up about COVID shots (and partial lock downs continue), riots continue even with Trump out of office, not a lot of big news coming in rapid succession, the ongoing Ripple lawsuit, etc. All of that has put a damper on enthusiasm, especially for newcomers to the crypto market. Most miner stocks, not just INTV, have come down significantly from their highs.
Exuburance caused share prices to overshoot and a dose of reality has cause the market to settle down. Look at all of the other miners, big or small, and the pattern is generally a run up in the first quarter followed by retracement over the last couple of months.
INTV rode the wave up to its recent high and back down and has held up better than some and worse than others but is still up almost 600% for the year. Of the other miners I track the best is MARA at just under 250% for the year.
Trying to tie INTV pps to BTC price directly without looking at everything else going on the effects crypto market expectations, sentiment and direction is a bit of a fool's errand. Price action out of context can work for chartists trading and flipping but not that useful for longer term investers.
Review INTVs business plan and the plans of other miners. Familiarize yourself with the value propositions/use cases of the coins INTV mines. Look into INTV's arrangements with its partners and their reason for partnering with INTV.
Trust Steve's plan or don't, it's up to you. Choose to chase after the next big thing if you think that will work out better. Sell your position and buy lotto tickets, play sh*tcoins . . . there are plenty of other "opportunities" out there.
I am HODLing. Of the miner stocks I hold, INTV is the closest to a guaranteed multi-bagger this year from where it is today.
My opinions only.
