Hive

Bitcoin

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 <a href="https://ultramining.com/news/en/from-crypto-to-ai-hives-bold-pivot-reflects-shifting-industry-dynamics/" rel="noopener noreferrer nofollow">Hive</a> Blockchain Technologies has experienced a rollercoaster ride in the stock market. Following a 91% loss in the 2022 crypto bubble burst, the company's stock has rebounded, achieving a 315% increase year-to-date, according to <a href="http://www.fool.ca/" rel="noopener noreferrer nofollow">The Motley Fool</a>. 
 This month, Hive's stock soared by 108%. The cause of the surge is twofold. First, the recent rise in Bitcoin's value. Second, Hive's move into the AI space. 
 Applications for Bitcoin ETFs by Black Rock and Fidelity boosted Bitcoin's momentum. This move rekindled investor confidence, propelling Bitcoin's price upwards. Many investors view Bitcoin as a digital store of value capable of hedging against inflation. 
 However, the volatile nature of crypto adoption and waning investor confidence hinder Bitcoin's effectiveness as an inflation hedge. Hive's stock is now seen as overvalued and may likely fall, making investors cautious. 
 Nevertheless, active investing in Hive could still be profitable. Purchase at $4, sell at mini peaks of $8-12, but only risk what you are ready to lose due to the high-risk nature of the stock. Investing about 3-5% of one's portfolio in Hive could add to portfolio diversification. 
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AI and Bitcoin Fuel Hive Technologies’ Dramatic 108% Stock Leap

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