🚀 Bitcoin $40,000: FOMO Strikes! Grab Bitcoin Mining Stocks Now or Miss Out FOREVER!
Institutional Crypto Research Written by Experts
Which stock to buy? How much upside is left?
👇 1) On March 30, 2023, we wrote our report ‘How to Achieve +112% Upside Potential’, suggesting that Bitcoin mining stocks (and a few others) could have huge potential. By July 4, 2023, our basket (or portfolio) of mining stocks had generated a +63% return, and stocks were trading near fair value relative to Bitcoin. We recommended to take profit.
👇 2) By September 28, 2023, Bitcoin had rallied while Bitcoin-related stocks were trading sideways. Our theory that TradeFi investors would have to buy these stocks as a Bitcoin proxy ahead and AFTER a Bitcoin Spot ETF made us very bullish as a significant value gap between the share prices and Bitcoin opened up.
👇 3) Crucially, our analysis indicated that once a Bitcoin Spot ETF is approved, there would likely be several weeks BEFORE the ETF will start trading, and who would sell Bitcoin before the ETF is listed? Nobody – similar to Nov/Dec 2017 when we had a +180% squeeze.
👇 4) But the critical point here is this: despite the ultra-competitive nature of Bitcoin mining and the revenue risk that might occur after the Bitcoin halving, those Bitcoin stocks are one of the few ways for TradeFi traders to position themselves ahead of the significant event: the ETF approval and as Bitcoin rises, the convexity of mining profitability kicks in massively.
Exhibit 1: Return since our September 28 report
👇 5) This is why we went on a media tour, and from the feedback I got back then (until this morning), I know many people who bought. These stocks are making a ton of money for everybody: CLSK +106%, Galaxy +89% (our top recommendation), Coin +87%, Marathon +71% - compared to Bitcoin, which returned +52%. Bitdeer is up +50% since we recommended it five weeks ago.