Both Bitdeer and BitFuFu could be seen as “fully valued” compared to current publicly listed miners because of their “incredible” growth rate, superior profit margins and tight relationships with mining rig suppliers, Peter Stoneberg, managing director of crypto mergers and acquisitions firm Architect Partners, told CoinDesk in an interview. It’s the future prospects of companies that drive investment, so if investors see a company is able to fund its future growth, they will “absolutely pay a premium for that growth rate,” Stoneberg added.
U.S. House’s McHenry Says Senate May Be Swayed if Many Democrats Back Crypto Bill
The thing to watch, he suggested, is if a lot of Democrats show up to support the bill.McHenry, who is...