Bitcoin ETF is huge for its credibility but there's more work to be done, says Riot Platforms CEO

Jason Les, Riot Platforms CEO, joins 'Power Lunch' to discuss if people are beginning to feel more comfortable with cryptocurrency, if Bitcoin ETFs are a net positive force to cryptocurrencies, and much more.

[@delmardonte906]

Riot is trash company. A bigcoin miner should mine bitcoin

[@stevenw373]

Riot stock has been trash so far and underperforming

[@Murkee813]

Exchanges are going to run out of new Bitcoin leaving big institutions to have to buy from miners

[@motivationalmafia8768]

Really liked this interview from the CEO. They say the will mine more btc despite the halving. Which sounds a bit crazy but they also not running their facility at 100% capacity and I don’t know! I’m bullish on the stock king run but it need good leadership and management!

[@nulliusinverba220]

Why is RIOT down so much while Bitcoin is up? It's basically been inversed lately.

[@bchain6416]

Good question. I think it is two things. Before the ETF era some folks who wanted to have exposure to Bitcoin but wouldn't want to buy Bitcoin directly bought Bitcoin related companies instead, like Riot. Now since the ETF are here, these people dump the stock and buy the ETF instead. The second reason is the halvening. Many mining companies including Riot are not actually profitable on paper because they continuously reinvest their proceeds into expanding their business. Now with the halvening in sight, some investors believe that many miners will become even more unprofitable. Personally I believe that Riot is a huge buy at current prices and the stock will skyrocket once Bitcoin passes the 100k mark. I predict that within the next 18 month Riot stock will shoot up to 200$ at least

[@alexacacio8325]

shorts doing everything to keep it down plus uncertainty due to halving affecting mining profitability i assume

[@rs72098]

Jason Les is OVERPAYING himself and his board of directors. They have exorbiant salaries. It's difficult to make a profit when you don't leave any leftover for the shareholders. I've invested in lots of companies but never seen greed on this level, ever.

[@bchain6416]

​@@rs72098 Can you be a bit more specific please, how much does Jason Les and his board take out in salaries?

[@vadimbulatov5085]

​@@bchain6416 Rave. Most likely it will be that Bitcoin will cost 100 - and riot 10

[@MrLittleJa]

Let's start a riot?

[@69pepe420]

wen MEME ETF 🐸🐸🐸

[@ryanurbanek8408]

Riot hasn't grown there business in 6.l months they are asleep

[@JohnSmith-zl8rz]

ETFs are a SCAM! Not your keys, Not your coins!

[@incipidsigninsetup]

Grow up, zealot.

[@zerdo4725]

But thats the whole point of the etfs they dont want the keys😂 just the benefits of profitability

[@michaelmooner]

Riot should overtake Marathon now since they are doing a 1.5 billion ATM offering. I expect Riot to lead all the bitcoin miners.

[@Billsfan1959]

this didn't age well

[@EdgarBalderas-f6c]

Don’t sleep on AMXR20. It’s going parabolic as we speak with LOTS of room to still run with its low market cap

[@ManuelGarcia-v3p]

ETH has its merits, but AMXR20 growth potential is alluring. Made the switch and feeling optimistic!

[@poupepe]

AMXR20 is easier to manage by the US govt, so it will have the support of it 💯. From how Binance has been handled and currently managed, US govt will want to try to control the crypto space and make it an extension of the US dollar as a tool to control inflation and dollar economy. AMXR20 will get the backing eventually because ETH is heading in the opposite decentralised unregulated direction

[@Hi_Chew]

"Do you feel as though the prices of Bitcoin and others are now attractive enough where folks like you and everybody else will feel more comfortable with broader adoption?" did he actually answer the first question or understand the question?

[@youlovechika]

🐸📈

[@Anthony-dj4nd]

Bitcoin the new money

[@Koi-addict33]

All the etf ,s will be down bad in a year as they are buying at massive highs and when the fall back happens they tank just like all etf,s almost