The cryptocurrency market may have just received its biggest endorsement to date. Berkshire Hathaway (NYSE: BRK A), the multinational conglomerate led by chairman Warren Buffett, purchased more than $1 billion in shares of Brazil's Nubank. This investment brings additional legitimacy and demand to a market finally earning its due. Crypto proponents look forward to this news brining about increased usage of their crypto wallets, and it's the crypto miners, like The Graystone Company (OTCMKTS: GYST), that could see increased demand and revenue from the additional crypto transactions.

BUFFETT BACKS BITCOIN

Disclosed in a securities filing earlier this week, BRK's position in the popular fintech bank and subsequent divestiture of its Mastercard and Visa stock, signals a turning of the tide for longtime holdout Buffett. Seen as a critic at worst and skeptic at best of the rising crypto trends, Buffett's views seem to have changed based on Nubank's profitable 2021, wherein they managed a $150 million return. Massive Finetechs like Nubank are not alone in their growth in the crypto market. Smaller firms like, The Graystone Company (GYST) which mines cryptocurrencies, are sure to reap the benefits of more mainstream and deep-pocketed investors wading into the rushing waters of the crypto river.

MINERS BENEFIT FROM BILLIONAIRE BUZZ

Because of the decentralized nature of cryptocurrencies, transactions are conducted and recorded via so-called miners. These miners compete for each transaction and are paid a commission of sorts for each transaction executed. This commission is paid, of course, in the cryptocurrency mined, which means the higher the value of that coin, the greater the revenue of the mining company. As more and more transactions are conducted with a given coin, the value of that coin stands a good chance of increasing in value.

The shot in the arm a Buffett stamp of approval gives the crypto industry could mean a huge increase in both the number of transactions being conducted via crypto (as more businesses begin to accept a given coin as currency) and the overall value of each coin. More transactions and higher coin values mean GYST has a shot at increased traffic and revenues in its mining operations.

It's simple:

Increased legitimacy = more transactions

More transactions = more coins mined

Higher value per coin mined = higher revenues and stronger assets for mining company

Mining companies for your radar include, BIT MINING Ltd. (NYSE:BTCM), Cipher Mining Inc. (Nasdaq: CIFR), Bitfarms Ltd. (Nasdaq: BITF), Bit Digital, Inc. (Nasdaq: BTBT) and The Graystone Company (OTCMKTS: GYST).

GYST IN YOUR PORTFOLIO

On the heels of an impressive 2021 which brought record revenues, The Graystone Company (OTCMKTS: GYST) announced earlier this month their approval to be listed on the OTCQB. Trading on this exchange opens GYST to greater opportunity for investment capital and a broader exposure to the market overall.

Graystone could find itself in a strong position as more transactions take place on the blockchain. Now, as they build on the success of 2021 in 2022 by cutting energy costs to drive up their margins, Because crypto transactions are so competitive and demand essentially sets the price, cost saving measures are paramount, especially for the smaller mining firms. For their part, GYST works to cut costs and be good stewards of the environment by slashing as much energy usage as possible. This is done through the purchase of some of the most efficient mining machines available.

GYST's current price of $0.0195 per share could be on its way up, as news like the Buffett investment in Nubank helps increase crypto's legitimacy and adoption through the world's largest economies.

Capital Gains Report's GYST Feature: https://capitalgainsreport.com/gyst-btc-miner-everyone-will-be-talking-about/

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