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- STOCK DEEP DIVE: Marathon Digital
Welcome to another stock deep dive! 👏
The first time someone told me something about Bitcoin, I thought:
a) You are just talking about fake internet money and
b) it will never compete with the American Dollar.
Thank goodness I went down the rabbit hole years ago to understand Bitcoin, the blockchain, cryptography, and, ultimately, Bitcoin mining.
In the summer of 2020, I researched a stock called Marathon Digital when it was at $0.95. I would argue that my newsletter was probably the first to ever cover Marathon Digital, and my subscribers became obsessed with the stock.
My thesis was straightforward at the time: A) The Bitcoin bull market historically starts after the halving. B) This Bitcoin mining stock always correlates with Bitcoin.
A+B= If the Bitcoin bull market starts, Marathon Digital will correlate with Bitcoin, causing the stock to soar with Bitcoin.
The thesis was ultimately proven correctly, and at the peak of the 2021 Bitcoin cycle, Marathon Digital hit $68.
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