- GRIT
- Posts
- 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.
Subscribe to GRIT Premium to read the rest.
Become a paying subscriber of GRIT Premium to get access to this post and other subscriber-only content.
Already a paying subscriber? Sign In.
A subscription gets you:
- • WEEK IN REVIEW: Full access to the internet's best recap of the markets, every single week. This includes comprehensive earnings breakdowns, portfolio updates, and more. This is the perfect compliment to the "Investing Week Ahead" post that you already receive at the beginning of each week.
- • MONTHLY LIVESTREAMS: Join Austin Hankwitz live every month to dive deep into his portfolio, explore the latest trends, discuss any changes he’s making, and cover market-moving topics.
- • PORTFOLIO ACCESS – Austin Hankwitz, Warren Buffett, Bill Ackman, and other professional / billionaire investor portfolios.
- • MONTHLY STOCK DEEP DIVES – Comprehensive stock analysis on an individual ticker, delivered at the end of each month.
- • RESOURCES – A wide variety of investment resources for both beginners and advanced investors to accelerate your portfolio.
Reply