Q: Your thoughts on BitDeer (BTDR) please, and how it compares to other Bitcoin miners.
Q: I have long held both and am intrigued as they now move in opposite directions. Within the last few months I believe MARA has reached heights 50% greater than today's levels and yet despite the spike in BTC, it falls while MSTR rolls. I understand that MSTR is closer to a pure play on bitcoin whereas MARA is a miner and has operating risks and would ask if you can explain what has led to MARA being punished as BTC rose from 50k to 70? If gold goes up, so to do most miners so I'm thinking there as to be more to the story. Lastly, if you believe BTC goes higher, does exposure to a company like MARA who stand to benefit make sense to add or hold?
Q: Hello Peter,
While Bitcoin has been on a tear the past week, stocks like MARA,RIOT,CLSK,IREN have been trending down. When one looks at the graph, the negative co-relation is baffling.
What in your opinion is going on? Is this a buying opportunity or there will be better one when Bitcoin takes a pause and consolidates.
You do not think the stocks are a sell do you?
Regards.
Rajiv
While Bitcoin has been on a tear the past week, stocks like MARA,RIOT,CLSK,IREN have been trending down. When one looks at the graph, the negative co-relation is baffling.
What in your opinion is going on? Is this a buying opportunity or there will be better one when Bitcoin takes a pause and consolidates.
You do not think the stocks are a sell do you?
Regards.
Rajiv