2024-02-20 09:24:58 ET
Summary
- Marathon provides more exposure to Bitcoin price movements due to its large HODL stash.
- The upcoming Bitcoin halving event has historically resulted in the cryptocurrency reaching new all-time highs.
- A potential Bitcoin run post-halving could be aided by improving macro conditions, especially rate cuts.
- The Presidential election this November is an overlooked Bitcoin catalyst, since the stock market and Bitcoin have historically performed well in election years.
Editor's note: Seeking Alpha is proud to welcome Ahmed Abdelazim as a new contributor. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more »
Bitcoin mining equities have made remarkable returns over the past months as a result of improving macroeconomic conditions as well as Bitcoin’s ongoing surge, as the cryptocurrency recently topped the $48 thousand mark for the first time since April 2022. While many may argue that a correction could be on the horizon for these Bitcoin miners, I expect the whole sector will continue on this upward trajectory, especially with the Bitcoin halving on the horizon and the presidential election later this year....
Read the full article on Seeking Alpha
For further details see:
Marathon Digital: The Bitcoin Miner To Own Before Halving And Elections