Some bitcoin miners are giving investors an opportunity to get in on the cryptocurrency's big postelection rally.
Pure play bitcoin miners have been lagging this year for a host of reasons.
CLSK RIOT,MARA 5D mountain Bitcoin mining laggards have been outperforming in the the recent crypto rally Now, with bitcoin consistently reaching new records since Election Day — a trend that's expected to continue through next year — the mining laggards could be catching up, analysts say.
Bitcoin mining stocks are among the best investment vehicles for investors to express their bullish outlook on bitcoin, he added, and have outperformed bitcoin itself in bull markets prior to 2024 by about 2.5x.
We know, investors like miners for energy [and] AI optionality, but it's time to buy bitcoin miners for the Bitcoin trade."
Persons:
MARA, Mike Colonnese, Wainwright, TeraWulf, Bernstein, Gautam Chhugani, Riot, CleanSpark, Iren, Trump, Biden, — CNBC's Michael Bloom
Organizations:
bitcoin, BTC, H.C, CNBC, Mara Holdings, Energy
Locations:
Marathon, U.S