In this video I go over my top picks in terms of bitcoin mining stocks for 2024 and where I think they will be headed
$MARA $CLSK $RIOT and $HUT all featured in this video
What’s going on everybody it’s Tyro investing here with another video today I will be covering Bitcoin miner companies that you can uh Buy in stock form uh the four I’m going to be looking at are the four big ones um we’ve got Marathon digital we’ve got clean spark
We’ve got Riot platforms and we’ve got Hut 8 uh to me those are the four biggest um and it’s not really to me they literally are just the four biggest in terms of market cap um Hut mining is about a $1.16 billion market cap clean spark is just under two
Billion Riot blockchain is 3.15 billion roughly and Marathon digital holds the biggest one um they are the biggest at 5.25 roughly billion doll market cap so as you can see there’s there’s a decent amount but I’m mostly just focusing on the top four um these other ones are good place too I
Did trade bit Farm bitf there for a little bit when it was about $1 I sold a lot earlier than it is now but still there are opportunities out there but for today I’m going to be focusing on the top four so um the other thing I wanted to
Show is it’s important to know how much Bitcoin some of these companies actually hold and the top four in market cap are Al the top four here number one is Marathon digital um with almost 14,000 Bitcoin Hut 8 uh is second with almost 9500 Bitcoin Riot platforms comes in at third
With about 7,300 Bitcoin and clean spark comes in fourth with about 2,240 Bitcoin so obviously that’s important because this is basically the the company’s balance sheet obviously there’s expenses with Mining and everything else um but you offset that with with these companies with how much Bitcoin you can sell and and you need
Obviously need Bitcoin to sell so if you have more Bitcoin you have more um selling potential which is more profit potential for your company so it’s very important to know how much Bitcoin some of these companies actually have so with that being said I just want
To get into the charts a little bit I have it on the monthly time frame because I kind of want to see which ones have more potential from here um and purely from a potential standpoint we’re kind of measuring it with how it ran the last time Bitcoin
Was hitting all-time highs in in 2021 so the first up will be Riot as you can see um from the low of this year to the high of this year it’s did about about 500% if you would have nailed that exactly obviously that’s unrealistic but
Just a trying to get a barometer of how some of these have ran and then also the other thing want to be showing in each of these four charts is how much more it has to go from current price to where it was in 2021 because if I think consensus
Is that we will be getting new all-time highs with the having and with this with the new ETFs I think that’s very bullish for Bitcoin in general and we are already trading above 40K 69k I believe was the high for Bitcoin so we’re it’s not like it’s
We’re at we’re trading at like 10K and we’re calling for all-time highs we’re we’re in the right trajectory sometime in 2024 2025 I think we’re going to see new all-time highs so and if you do believe that I think it’s important to watch what these did in 2021 and how
Hard they ran so you can at least have some sort of plan in comparison when you’re trying to pick which one to invest in so Riot platforms from current price to its 2021 all-time high is about a 400% move from here next we’ll look at
Hot 8 hot 8 for the year what was Riot right was almost 500 hut8 is gone about 40% so a little less than Riot um but it’s got more potential from here to its high in 2021 it’s about a 500% move so that creates more of an opportunity than Riot currently
Has uh next up will be clean spark clean spark year to date is up almost 600% so that’s ran really hard and I think that’s important to know because you start to see where money flows money has been flowing into the this and Mara more than the
Others um so you kind of got to keep that in mind as well which one is performing more than the others does I think gives you the opportunity that will these the ones that are doing better now have a better chance to reach those 2021 highs maybe other than some of the
Others so from current price to there as you can see from highs it’s only about 300% Mara is the other one that’s ran big time it’s ran almost 900% this year from the lows to the highs again which creates not a lot not as much opportunity from the 2021 highs
Which is about 250% so you kind of got to balance it out here the other ones that have been lagging have more room to run from their 2021 highs whereas some of these other ones have ran so much already they’re a lot closer to their
2021 highs so I think in my opinion I I would go with Mara or cleanspark because to me the market is showing you where they’re buying and they’re buying in these two companies just and I think if anything they can set new highs compared to 2021 uh because they seem to be running
Faster and that seems to be where the money is Flowing but keep a close eye on Riot and HUD eight um they could make some ground here and that could completely change the uh forecast I would have but for now I would pick either clean spark or Mara those are my
Top two and that’s where I’ll be putting my money so if you like this video please give me a like I would really appreciate it and subscribe to the channel lets me know that you guys are watching these and like them also uh helps me grow also follow me on x/
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1 Comment
CLSK!