Core Scientific Inc (CORZ)

[77Port]

Yes: ".. persuaded them to throw in a dirtbag low bid, perhaps thinking that it might persuade investors to sell, trying to make them think its over valued."

It's that slow realization the opportunity has finally run out of more run space. $5, or even Riots' $2.30 bid, might have worked 6 or 12 months ago. But that ship has sailed. $10, the new price, will likely fall just as quickly, too.

It's anybody's guess what happens when this light bulb moments hits all of the fund managers at once?

This being an election year, no doubt there will plenty more shenanigans left in 2024. But it won't be too long before FOMO begins to tighten around the mutual fund and hedge fund managers, not to mention the actuaries who hold the insurance funds. I'm betting it's around the time somebody finally explains how bitcoin and mining actually works to all of these managers.

Perhaps they haven't yet reached the realization that without mining, BTC doesn't come into existence. That there will only be 21 million total BTC and that 19,700,000+ have already been accounted for.

That the next two million mined will likely raise the price of all that came before.

The awareness of scarcity is going to rush in very fast and it's likely to trigger a panic which has been ignored for a long time.

Not sure if this will happen to other crypto, too, as they don't require mining. We shall see.