if I had to choose a crypto stock to throw a party with, would Mara be top pick?No. MARA basically consists of a couple businesses, mining and hosting, plus a bunch of bitcoin (sort of like a bitcoin hedge fun). The businesses lost money even though we’re in a very favorable environment: That’s terrible. The “hedge fund” part of the operation reported a profit because bitcoin prices are up. Investors would be way better off just holding bitcoin or a bitcoin fund rather than paying a massive premium for two terribly performing businesses.Going to be a lot of pressure by the Shorts to bring Mara Down, hopefully there will be a lot of strength keeping it Up?
Crypto Stock Party! Your Top Pick?
Microstratgy rises over 40% this week. The company adds 3k more Bitcoin recently. COIN is another strong contender, as Coinbase serves as the custodian for spot BTC ETFs. MARA, however, fell 16% on Thursday. ---------------- Which crypto stock is your top pick? Will you jump on the wagon?
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