Bitcoin is pushing higher again. 

In fact, it’s nearing $30,000 again and could see higher highs. All on hope a spot Bitcoin ETF will be approved soon, which would further legitimize the coin and attract new investment dollars from retail and institutional traders. With that, mining stocks, like Marathon Digital (MARA) could start to push aggressively higher, too.  After all, when BTC moves, miners follow.

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Helping, according to

“Steven Schoenfeld, former head of International Equity Product Strategy at Barclays Global Investors (now Blackrock), expects the U.S. Securities and Exchange Commission (SEC) to approve all spot bitcoin exchange-traded fund (ETF) applications in three to six months. He also anticipates that the greenlighting of spot bitcoin and Ethereum ETFs has the potential to inject between $150 billion and $200 billion of capital into these investment products.”

If that happens, not only could BTC potentially spike, but so would miners like MARA.


Ian Cooper