š Forget about the altseason: real money is going into copper!
While some are waiting for the altseason, copper has risen by more than +35% since the beginning of the year. Meanwhile, crypto enthusiasts are stuck with red portfolios, praying that Trump doesn't say something he shouldn't.
š” Why is the metal rising?
ā¢ Decrease in production due to geopolitics
ā¢ Hype around AI, which requires a lot of energy and cooling
ā¢ Without copper, modern data centers are nothing: no copper means no electronics, chips, wires, and ChatGPT
š Statistics of copper company stocks since the beginning of the year:
š¢ Southern Copper Corp: +57.8%
š¢ Freeport-McMoRan: +19.3%
š¢ BHP Billiton: +12.2%
š Forecast: JPMorgan analysts claim that the copper deficit will grow until 2027. Smart crypto bloggers have already started to merge with alts and pull stocks and physical metal.
š§ Conclusion: the future of high technology relies on good old copper. Crypto may scam, but a ton of copper will always remain a ton of copper and will be worth money š
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#crypto #Metals #Copper #Investing
