Elena
Fri Jun 21 2024
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6 answers
1324
Is marathon Digital Holdings stock a good proxy for bitcoin?
Could you elaborate on the rationale behind considering Marathon Digital Holdings stock as a potential proxy for Bitcoin? While Marathon is indeed a leading Bitcoin mining company, is its stock price truly representative of the overall Bitcoin market? Are there any key factors, such as mining profitability, Bitcoin price fluctuations, or regulatory risks, that could potentially skew this relationship? Furthermore, how does Marathon's stock performance compare to other Bitcoin mining companies or the broader cryptocurrency market? Understanding these dynamics would help investors make informed decisions regarding Marathon Digital Holdings as a potential proxy for Bitcoin.
