Looking back at the two most well-known funds in the crypto space: Bitmine and Strategy, the words are: brutal. If BTC really drops back to 40,000 or 50,000, institutions might still pretend to stay calm, but retail investors following along probably can't hold on.


Let's focus on Bitmine. Tom Cruise's Bitmine has been DCA-ing Ethereum all the way, diligently averaging down to a price of $3,800. Today, upon review, the unrealized loss exceeds 51%, with an on-paper loss approaching $9 billion.
BTC2,19%
ETH3,39%
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