Stable Coin and Cryptocurrency Investors Are Not the Only Ones in Tears: Ten Crypto Mining Stocks Have Fallen by 50 to 80 Percent Year-to-Date

Stable Coin and Cryptocurrency Investors Are Not the Only Ones in Tears: Ten Crypto Mining Stocks Have Fallen by 50 to 80 Percent Year-to-Date

By Pam Martens and Russ Martens: May 26, 2022 ~ In October 2008 a group or individual using the name Satoshi Nakamoto released a paper outlining a new system for digital cash called Bitcoin. To this day, no one knows who Satoshi Nakomoto really is. For all we know, he/it/they could have been a strawman for the fossil fuels industry. Why do we say that? Because the major beneficiary of crypto has been the fossil fuel industry which has seen a growing demand for its dirty energy from crypto mining companies while the big losers have been the environment, local communities and average citizens around the world hoping to breathe clean air and save the planet for their children and grandchildren. Consider what Senator Elizabeth Warren had to say about crypto at a Senate hearing in June of last year: “Cryptocurrencies have turned out to be a fourth-rate alternative to real … Continue reading →

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