Bitcoin might have cemented its status as “digital gold,” but one other widely touted purpose has yet to properly play out. The daddy of crypto is supposed to be a hedge against inflation but recent times have shown that soaring inflation has not provided a tailwind. In fact, Bitcoin's performance has followed the lead of the equity market, and mirroring the wide downturn in 2022, bitcoin’s price has tumbled over 70% since peaking last November. That said, the “death of bitcoin” has been announced countless times before and one thing bitcoin has been adept at doing over its decade-plus history is bouncing back eventually.
https://www.tipranks.com/news/article/bitcoin-could-soar-over-40-by-year-end-here-are-3-stocks-that-stand-to-benefit?utm_source=advfn.com&utm_medium=referral
Marathon Digital (NASDAQ:MARA)
Historical Stock Chart
From Nov 2022 to Dec 2022 Click Here for more Marathon Digital Charts.
Marathon Digital (NASDAQ:MARA)
Historical Stock Chart
From Dec 2021 to Dec 2022 Click Here for more Marathon Digital Charts.