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Claim that FTX's old Bitcoin mines could give every American $2,500 disputed, Matthew Sigel notes

Claim that FTX's old Bitcoin mines could give every American $2,500 disputed, Matthew Sigel notes
Economist FTX Bitcoin mine claim disputed

Matthew Sigel questioned a claim from The Economist that the owner of FTX's old Bitcoin mines could give every American $2,500 and still have $75 billion left. Sigel suggested skepticism toward the scale of wealth implied by the publication.

Earlier, Sigel reported that FRMI shares rose 20 percent after AMD backed a Project Matador lease. In a separate note, he highlighted that BTDR secured a new 8-year lease for a Malaysian mining site. These updates follow his ongoing commentary on the digital asset sector.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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