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Actually, storage now looks a lot like BTC.
The price is no longer determined by fundamentals—now it’s consensus pricing.
The bulls say PE is only 5, long-term contracts lock in supply, expansion is difficult, and spot prices are still rising.
The bears say cyclical stocks, ASP second-derivative slowing, and that Samsung and Hynix will have their profits taken by the US.
Mostly, everyone already knows about storage—even everyone has been shouting “CWW”—so now it’s simply a consensus battle until new data variables come into play.