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Seeking Alpha 2021-08-29 15:20:00

Long-Term Investors Should Be Wary Of Riot And Other Crypto Miners

Long-term investors who are bullish on cryptocurrency might be better off buying cryptocurrency or innovative companies in the crypto space like Coinbase instead of miners.Miners introduce counterparty risk and may not have a sustainable long-term role in the fast-changing blockchain world.I look at gold and silver miners to show that it's often been preferable to own the underlying asset instead of miners.I certainly wouldn't short miners any time soon; I prefer to just stay away.

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