Cryptocurrency

United

Cipher

Bitcoin ETF

Bitcoin

<div class="finbold">
 <p class="paragraph">As the anticipation intensifies surrounding the possible approval of the first spot Bitcoin (BTC) exchange-traded fund (ETF) by the United States Securities and Exchange Commission (SEC) and the approaching halving event, there is one trade that seems to have gone under the radar – Bitcoin <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> <a rel="noopener noreferrer nofollow" title="stocks" href="https://thebittimes.com/tag/stocks.html">stocks</a>.</p>
 <div></div>
 <p class="paragraph">Indeed, as Scott Melker, the host of <em>‘The Wolf of All Streets’</em> podcast, pointed out, “Bitcoin mining stocks have largely lagged during this bull run,” but it could be time “to consider an investment” in them, as he explained in the latest episode of his show streamed on November 29.</p>
 <h2 class="wp-block-heading" id="h-bitcoin-price-effect">Bitcoin price effect</h2>
 <p class="paragraph">As it happens, Melker was discussing the cryptocurrency and <a rel="noopener noreferrer nofollow" title="stock" href="https://thebittimes.com/tag/stock.html">stock</a> market with investor Mike Alfred, and they both made a bullish case for Bitcoin miners, arguing that this is where investors “should be deploying your capital if you want to take advantage of all Bitcoin has to offer in the next cycle.”</p>
 <p class="paragraph">According to Alfred, “Bitcoin mining equity acts as a sort of levered exposure to Bitcoin via the operating leverage from the business itself,” and as Bitcoin price rises, mining businesses show increased profitability, leading to potential value growth of their stocks.</p>
 <div class="not-prose relative overflow-auto scrollbar-hide mb-8 mt-8">
  <div class="relative w-full flex gap-6 snap-x snap-mandatory overflow-x-auto">
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/30/3412f90c0a9f16754d1c790f6284e95e.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="bitcoin-pre-and-post-halving-bull-run-to-kick-btc-toward-250-000">Bitcoin pre and post halving bull run to kick BTC toward $250,000</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/30/a6755a0b1ae443eb67d0b9d345b5b7b3.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="bloomberg-analyst-reaffirms-90-chance-of-bitcoin-etf-approval-in-january">Bloomberg analyst reaffirms 90% chance of Bitcoin ETF approval in January</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/30/d867fcc6b3664466b6913b96796d104e.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="expert-crypto-predictions-what-s-next-in-2024">Expert crypto predictions; What's next in 2024?</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/29/66182c99ca2f29042a7bcf113bcbbf37.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="bitcoin-supply-on-exchanges-hits-lowest-in-5-years-here-s-why">Bitcoin supply on exchanges hits lowest in 5 years; Here’s why</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/30/bf619f1882b293e9911ef8e0ef71709e.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="bitcoin-to-never-go-below-35k-ever-again-says-expert">Bitcoin to ‘never go below $35k ever again;’ says expert</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">As a reminder, the prices of multiple Bitcoin mining companies’ stocks soared back in March 2023, recording substantial gains following the surge in Bitcoin price that saw the flagship decentralized finance (DeFi) asset increase its value by 26.20% on its monthly chart, as Finbold reported on March 20.</p>
 <h2 class="wp-block-heading" id="h-halving-and-other-factors">Halving and other factors</h2>
 <p class="paragraph">That said, even if the price of Bitcoin does not surge, Alfred argues that some <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> companies, like Iris Energy (NASDAQ: IREN), own versatile and tangible assets like land, power stations, and infrastructure, which they can repurpose for high-performance computing, providing downside protection.</p>
 <p class="paragraph">Moreover, as Melker pointed out, other companies may view themselves as data centers, emphasizing their infrastructure’s use beyond Bitcoin <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a>, as is the case with Marathon Digital Holdings (NASDAQ: MARA), which positions itself for other potential pivots.</p>
 <p class="paragraph">Furthermore, Alfred highlighted the recent trends of mining machines shifting from oversupply to undersupply as companies like Marathon, Iris, CleanSpark (NASDAQ: CLSK), and Cipher (NASDAQ: CIFR) are making significant machine orders to upgrade efficiency post-halving and maintain competitiveness:</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“All of that supply, from my perspective, has literally been soaked up in the last quarter, and so we’ve gone from a fundamental oversupply to an undersupply, and you could see that in these large machine orders. (…) Everybody’s in a rush to upgrade their machine efficiency.”</p>
 </blockquote>
 <h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin price analysis</h2>
 <p class="paragraph">Meanwhile, the maiden crypto asset is currently changing hands at the price of $37,843, down 1.09% on the day but still advancing 1.41% across the previous week and gaining 9.63% on its monthly chart, as per the latest information retrieved on November 30.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/y9BMvNaiwqJnIjlMNoyNzTYKl_h41Wv6K_tdvDhpDrdteWuQclBjZIxAv89eKLueROmFswS7m_908PczkoMrAA3U_dVRXdWZCutkWs0b2RIncErCOdwoMRKpujGFAhU-5UInuvgxOhT8toXbLtd4sG4" alt>
  <figcaption class="wp-element-caption"><em>Bitcoin 30-day price chart. Source: </em><em>Finbold</em>
  </figcaption>
 </figure>
 <p class="paragraph">All things considered, although Bitcoin mining stocks have gone unnoticed by the majority of investors, these assets indeed are positioned to increase in value in the face of the upcoming halving event, as well as the potential approval of a spot BTC ETF.</p>
 <p class="paragraph"><strong>Watch the entire video below:</strong></p>
 <figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
  <div class="wp-block-embed__wrapper"><iframe loading="lazy" title="ALERT! Buy Bitcoin Mining Stocks - Find Out Why! l Mike Alfred" width="500" height="281" src="https://www.youtube.com/embed/zgsqU4i28kg?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
  </div>
 </figure>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
 <p class="paragraph"></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-mining-stocks-an-opportunity-everybody-seems-to-be-missing-tbt72198.html">https://thebittimes.com/bitcoin-mining-stocks-an-opportunity-everybody-seems-to-be-missing-tbt72198.html</a></p>

Bitcoin mining stocks an opportunity ‘everybody seems to be missing’

Table of Contents

TheBitTimes

Other articles published on Nov 30, 2023

Cardano's Price Remains Stable, With Resistance At $0.39

Binance sees whale outflows and retail inflows amidst leadership shuffle

December’s Top 3 Cryptos Ripe For 30x Gain

Upbit Announces Listing of SPACE ID (ID) on Its BTC Market

This Renowned Entrepreneur Warns: Buy Bitcoin Before It’s Too Late

Pando Asset Throws Hat in the Ring as 13th Player in Bitcoin ETF Race

Join our free newsletter for daily crypto updates!