CleanSpark: The Current Bitcoin Environment And Company Updates

SummaryHow to understand the current Bitcoin environment and how it's changed from several years ago.Bitcoin is still in the early stages of adoption, and will remain volatile for the foreseeable future.How this will impact CleanSpark in light of changes in the company over the last couple of months.Over the last year CleanSpark (CLSK) has taken a beating, dropping from a 52-week high of $23.60, to a 52-week low of $3.75. All of this is in response to the plunge in the price of Bitcoin (BTC-USD), which is based upon the weak economic conditions that have plagued the markets.This is especially true of high-growth assets that Bitcoin has now been lumped together with by relatively new investors in the sector, which base their investment strategies on the movement of interest rates that have of course been rising lately, resulting in them lowering their estimates on future cash flows.Consequently, this has driven the share price of CleanSpark and its peers down in conjunction with the price movement of Bitcoin, bringing about what I believe is temporal but significant decrease in its share price. In this article we'll take a look at how new investors are trading Bitcoin and the Bitcoin miners, and some of the steps CleanSpark has recently taken to position itself for the inevitable rebound in the price of Bitcoin.How Bitcoin is being valued and tradedThe first thing to understand about current Bitcoin investors is there are now t...