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Expansion of crypto mining farms around the globe
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Expansion of crypto mining farms around the globe

Crypto Farms are hitting the headlines every week and interest in mining has become explosive. Meanwhile, certain companies tend to build their own huge mining farms and strive for bigger profits. Let’s have a glance at several major crypto farms and focus on recent trends.

Bitfarms is a Canadian crypto farm that has elaborated progressive and eco-friendly solutions to minimize the environmental impact of crypto-mining. The company’s facilities are powered almost entirely by hydroelectric energy, so its ultimate goal is to reduce electricity costs by 25%. Bitfarms invests millions in mining all over the world and has already expanded to the US and Argentina.

Investors prefer not only to hold cryptocurrencies but crypto farms too. Canadian mining firm Hut 8 reported that it holds more than 5,000 self-mined bitcoins. Recently they purchased 10,000 of Nvidia's new mining processors, allowing the company to mine at a cost of under $3,000 per Bitcoin.

Other companies strive for global growth and increasing mining capacity. A good example of such a trend would be China-based The9 which will deploy more than 10,000 Bitcoin miners in the USA and another 14,000 in Canada. The9 also moved part of their business to Kazakhstan to expand their crypto farm globally.

As decentralized networks evolve and mining farms grow exponentially, holding crypto turns out to be a perspective strategy: mining can provide substantial rewards, a good example of which is a 2021 all-time high revenue record. This could be a solid argument for those who can’t make up their minds to start mining. Everyone can now build their mining farm without prior knowledge or special equipment. Using the CryptoTab Farm app is one of the easiest and most risk-free starting options. Transform your idle computers into a profit or use Pool Miner if you don’t have your own PC. Isn’t it encouraging?

Bitcoin officially joins the US Stock Exchange
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Bitcoin officially joins the US Stock Exchange

Bitcoin has been officially approved by the US Stock Exchange – on October 19, the world’s first trading of the Bitcoin Strategy ETF was successfully launched in New York. In two days of trading, Bitcoin assets managed by the exchange-traded fund exceeded $1 billion. The Bitcoin Strategy ETF thus became the first US exchange-traded fund to be officially approved for Bitcoin contracts.
BTC Powers Back to $50K
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BTC Powers Back to $50K

Bitcoin is gaining ground! BTC price is on the move again, hitting its highest level since mid-May. It peaked at $50,270, adding 3% on the day. It has recovered more than 72% since June. The crypto asset’s overall market valuation is currently at $942 billion. This could be a sign that the “capitulation period has ended and the market is back on solid ground,” Coin Metrics wrote in a Tuesday newsletter.
Back in accumulation mode
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Back in accumulation mode

On-chain data shows long-term BTC holders are back in accumulation mode after the recent shake-out.
You can still capitalize on the BTC upsurge!
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You can still capitalize on the BTC upsurge!

During an interview on CNBC’s “Squawk Box” Anthony Scaramucci compared Bitcoin’s future to Amazon shares. “Bitcoin is 12 years old. Amazon shares had a 64x return on your money from 2009 to 2021 after the 12th year,” Scaramucci said, noting that nobody expected Amazon shares to soar up in the next dozen years. They have actually surged more than 3,600% from the company’s IPO in May 1997 to May 2009.
Bitcoin VS Gold
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Bitcoin VS Gold

It seems that the new preferred store of value appears in the financial arena. As the price of Bitcoin is getting closer to $59,000, its value in relation to gold is approaching new all-time highs! Measured against gold, the price of Bitcoin recently reached 34.94 ounces. It has more than doubled in the past three months and nearly sevenfold since October 2020.
Incredible Сrypto Bull Run Since 2017
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Incredible Сrypto Bull Run Since 2017

The traditional financial landscape has drastically changed so far and a growing number of institutional investors are flocking to Bitcoin. Some of them like the stock market bulls are cooperatively purchasing the largest amount of BTC assets.
Is Bitcoin crowding out stocks and real estate?
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Is Bitcoin crowding out stocks and real estate?

Despite the recent fluctuations in the Bitcoin rate, its position in the market remains strong and allows us to make positive forecasts. In particular, it can be expected that in the nearest future people will hold Bitcoin instead of investing in stocks, bonds, or real estate.
Bitcoin is on Wall Street
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Bitcoin is on Wall Street

Bitcoin has come a long way since its inception in 2009 and now we can see the latest sign of its adoption on Wall Street. Institutional banking powerhouse Morgan Stanley will give accredited wealth management clients access to BTC investing. It will be the first big U.S. bank to make such an offer.
The long-term game
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The long-term game

Do you think cryptocurrency is a good asset only for the get-rich-quick scheme? Keep reading and you’ll know that this can actually be a long-term game.