Bitcoin has been a lucrative asset for early investors, but its volatility has increased since 2021, leading many to turn to bitcoin mining. However, mining is becoming unprofitable due to rising competition and the need for constant capital investment and energy consumption. Riot Platforms, a bitcoin miner, has struggled to make profits and faces challenges from global competitors. Its shares have performed poorly and are predicted to continue falling, making them a candidate for short-selling at the current price of $7.20 with a stop loss at $12.
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Hope for a Trump Energy Boom Is Marred by Anxiety About Tariffs
American energy executives are expressing concern over President Trump's tariff threats and push for lower oil prices, despite their initial enthusiasm for deregulation and energy dominance. The industry is trying to balance fighting for their interests, like free trade, while avoiding offending the president, with hopes that the energy dominance agenda will take precedence over tariffs. Executives are worried about the impact of tariffs on the economy and oil prices, seeking more predictability and less...
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