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RIOT Blockchain Review & Its Future in Stock Market 2022

RIOT Blockchain

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A Look at the RIOT Blockchain Company and Its Prospects on the Stock Market!

RIOT Blockchain is a company that relies on the increasing value of bitcoin. In other words, there is a strong correlation between the company’s profitability and the price of bitcoin Forget about mining for a moment. The company itself is valued at as much as bitcoin is valued. Why? Because even their cash reserve is not cash, it’s Bitcoin.

RIOT Blockchain

Their entire operation is based on the assumption that the effort required to mine bitcoin is worthwhile because the value of bitcoin is increasing for investors. The price of lumber is increasing like crazy, just like Bitcoin demand is increasing, but that doesn’t mean you go out and invest in a home builder just because they happen to use lumber. No, the company still needs to be profitable and they need to be in business. RIOT Blockchain has been losing money since its inception, and last year there was a negative $52 million dollar cash flow. Although Warren Buffett and Charlie Monger do not consider bitcoin to be a valuable asset, others, such as Robert Kiyosaki, are extremely bullish on it, and Elon Musk is the runt of Peter Thiel and Kathy Woods. All of these big players were bullish on Bitcoin, which is exactly my point RIOT Blockchain is a company, not a cryptocurrency, and they are attempting to acquire more mining businesses in order to gain greater exposure and opportunity.

RIOT Blockchain is a startup that has built its foundation on the steadily rising price of bitcoin. To put it another way, the price of bitcoin has a significant bearing on how profitable the company is expected to be in the future. Forget about mining for a second since the value of the company itself is directly proportional to the value of bitcoin. This is due to the fact that the company bases its whole operation on the presumption that the time spent mining bitcoin is valuable because the value of bitcoin is always rising.

Warren Buffett and Charlie Monger do not consider Bitcoin as a valuable asset, yet people like Robert Kiyosaki, who is quite optimistic about Bitcoin, and Elon Musk, who is a runaway child advocate, do. Peter Thiel and Kathy Wood All of these important players were positive on Bitcoin, which is exactly my point: the world is divided on its outlook on Bitcoin, making it incredibly vulnerable to volatility and change, and the riot is smack in the thick of it. Riot is a company, not a cryptocurrency. Companies need to stay in business and be profitable. They’re trying to acquire more mining businesses to have a bigger exposure and a bigger operation in this space. Even if they stopped spending money to acquire these businesses, they still need the price of bitcoin to go up in order to make money. In other words, if Bitcoin starts trading sideways, RIOT Blockchain is toast.

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