Anthony Pompliano notes that Marathon Digital is up 450% year-to-date. He also noted that the whole market has completely misunderstood the Bitcoin mining stocks.
Anthony Pompliano on the BTC mining stocks
Here’s the tweet that Pomp shared on X social media platform:
Marathon Digital is up 450% year-to-date.
The market completely misunderstands the bitcoin mining stocks and will likely be surprised by what happens in 2024. pic.twitter.com/FUIEYsRFpX
— Pomp 🌪 (@APompliano) December 18, 2023
A follower commented: “What if miners (via fees) are the new Mastercard and Visa but at a much higher level? Almost a $1T of market cap today only for traditional consumer payments…”
More followers noted the fact that the Bitcoin mining stocks are like hidden gems waiting to be discovered by the market.
Bitcoin in the news
MicroStrategy’s Michael Saylor talks about the huge benefits of Bitcoin once more.
Everyone starts to realize that Bitcoin is the digital transformation of capital, says the CEO of MicroStrategy. Here’s the latest tweet that he shared:
#Bitcoin represents the digital transformation of capital and everyone is beginning to realize that they are underallocated. My discussion of the bullish factors driving $BTC adoption in 2024 with @MorganLBrennan.pic.twitter.com/DiMfnkYrn9
— Michael Saylor⚡️ (@saylor) December 18, 2023
It is becoming increasingly evident that institutional adoption of cryptocurrencies is currently taking place. An important point to note is that Grayscale’s Bitcoin Trust is holding over $20 billion in assets on its own.
Considering that it is backed by a finite supply of 21 million coins, it is hard to imagine anything more bullish than this.
Someone commented on Saylor’s post, saying that “Absolutely, the digital revolution is captivating. Excited to hear your discussion with @MorganLBrennan. #Bitcoin is gaining recognition for good reason!”
Stay tuned for more news from the crypto space and make sure to keep an eye on the market as well.
