Bitcoin mining stocks an opportunity ‘everybody seems to be missing’
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 mining stocks . Indeed, as Scott Melker, the host of ‘The Wolf of All Streets’ 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. Bitcoin price effect As it happens, Melker was discussing the cryptocurrency and stock 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.” According to Alfred, “Bitcoin mining equity acts as a sort o...