Interesting point of view, and seems plausible in current environment. Esp when demand for commodities is rising, and there is a perception that availability is less.
In the long run, more players will get in the market who would mine more, sell more and show rosy pictures to investors to let the share price rocket. Why would Thor like other miners not dig the earth to the core to get every ounce of whatever it can find and sell. (its one life for all). I guess it will, when the price crosses a threshold.
So long as there is a perception that the supply is constrained, its party time. Once this facade is punctured, the game will shift form under supply to oversupply, overselling and undercutting. (akin to OPEC). And then the new cycle will start. Millions would have been made and millions would be lost in this transition.
For most miners, like investors, objective is profit maximization, in minimum time and cost.
My 2cents. All views welcome.
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