We certainly can agree to disagree.
I don't really think you understand my point about miners. Functionally, they are a utility, yet they currently receive growth multiples. It doesn't make sense -- that's my point.
I have no idea if or when investors will see this and price them accordingly. I'm saying, with conviction, that there is a very real risk that will happen. And if it does, the prices will drop to reflect that.
By all means place your bets however you choose. I don't think the stock price going up proves you right, and proves me wrong -- we probably disagree on that, too!
Your point about investing in miners vs BTC, I am very much interested in that. I'd certainly bet on BTC.. I don't think miner hype can last until EOY, and if it does, it'll only be because BTC continues to rise. Just my take on it. Let's reconvene EOY :)