Bitcoin Halving Has little to No Effect on BTC Mining Stocks
After reviewing the Bitcoin halving events on Marathon digital's chart, it's clear that the Bitcoin halving does not have a strong impact on the price of the stock.
My initial thesis which was that, profitability cuts caused by the halving would lead to negative price impacts on the chart is disproven by the 2020 bull run.
Right now, it seems the price appreciation that comes after the halving and the direct loss of revenue for miners cancel each other out.
My initial thesis which was that, profitability cuts caused by the halving would lead to negative price impacts on the chart is disproven by the 2020 bull run.
Right now, it seems the price appreciation that comes after the halving and the direct loss of revenue for miners cancel each other out.
Kommentera:
Seems that Marathon digital got into mining in 2020, and you can see stock price surged during that halving, also looked at other mining stocks and seen that prices do tend to surge post halving