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Bitcoin mining is already a duopoly, and it’s only getting worse.
Economies of scale and shrinking rewards push everyone out except the top two. Soon, only they’ll decide what gets added to the Bitcoin chain.
The rest will pivot. Ethereum is the endgame.
18.7. klo 20.25
Bit Digital and @SamirTabar flipped BTC mining to an ETH treasury on 7/7/25. Since then:
- ETH is up ~40%
- BTBT owns over 120k ETH
- BTBT market cap > $1.25bn
- ***ETH/BTC is up ~30%***
Bitcoin was the beginning…
Ethereum is the endgame.
There really is no second best.
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