The David Lin Report Founder: Bitcoin Cycle Is ‘Broken’; When Will It Hit $200k? | Matthew Schultz
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Jul 30, 2025 Matthew Schultz, Co-Founder and Executive Chairman of CleanSpark, dives into the evolving landscape of Bitcoin mining. He reveals how mining dynamics can influence Bitcoin's soaring prices and predicts it will surpass $200k soon. Schultz debunks myths around miners' roles, discusses strategies for retaining mined Bitcoin, and the shift of mining from China to the U.S. He also highlights how Bitcoin mining can revitalize rural communities while navigating the regulatory landscape. Insightful take on the future of cryptocurrency!
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Equity Dilution Pressure
- Companies that don't sell Bitcoin must dilute equity to fund operations.
- Consistent equity dilution can pressure share price and diminish shareholder value.
BPS vs EPS Clarity
- Bitcoin per share (BPS) metrics fluctuate with share dilution and price volatility.
- Earnings per share (EPS) provide clearer performance transparency for mining companies.
Selling New Bitcoin Only
- CleanSpark sells only newly mined Bitcoin, not older holdings, to avoid tax impact.
- This balances liquidity needs while preserving discounted Bitcoin assets.
