2024-03-29 11:06:14
The Current State Of Public Bitcoin Mining – Nexidiant

The Current State Of Public Bitcoin Mining

0

The below is a full, free excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

Public Miner Equities Versus Bitcoin

As for most risk-on assets, including bitcoin and public bitcoin mining equities, the drawdowns from all-time highs have been substantial. As bitcoin has fallen 41.20% from its November all-time high, the entire bitcoin mining industry has performed much worse, facing an average drawdown of 64.10%. Public bitcoin miner stocks have acted as additional investment vehicles for indirect bitcoin exposure with opportunity for outperforming bitcoin over the last few years — at least until the market shifted in November 2021.

Leave A Reply

Your email address will not be published.