Tee Politics on Nostr: 1). Sure you’re correct about that, but early on they were wealthy individuals or ...
1). Sure you’re correct about that, but early on they were wealthy individuals or small groups who were mining. The mining pools were certainly forming but I believe 2017 onwards was the big consolidation.
2). Yup I remember the 2018 era when there was institutional interest, but it wasn’t comparable to 2021. I don’t know if you recall, but many mining operations died after that bull market. Those miners sold coins on open market or perhaps in bulk via private offerings. Even if that’s the case, I would think it would be to wealthy individuals or smaller institutions (at the time) rather than larger institutional interests.
2). Yup I remember the 2018 era when there was institutional interest, but it wasn’t comparable to 2021. I don’t know if you recall, but many mining operations died after that bull market. Those miners sold coins on open market or perhaps in bulk via private offerings. Even if that’s the case, I would think it would be to wealthy individuals or smaller institutions (at the time) rather than larger institutional interests.