SPACE ROCKET
2023-10-24

$Marathon Digital Holdings Inc(MARA)$  $Riot Blockchain, Inc.(RIOT)$  now that its briefly consolidating, buy in for a higher surge tml! :) Blackrock's bitcoin ETF is on route to being approved by SEC! 

In an Oct. 23 X (formerly Twitter) thread, Bloomberg ETF analyst Eric Balchunas said the DTCC listing was “all part of the process” of bringing a crypto ETF to market. The ticker symbol of IBTC for a possible listing on the Nasdaq stock exchange, which applied to list and trade shares of the investment vehicle in June.“This is [the] first spot ETF listed on DTCC, none of the others on there (yet),” said Balchunas. “Def notable BlackRock is leading charge on these logistics (seeding, ticker, dtcc) that tend to happen just prior to launch. Hard not to view this as them getting signal that approval is certain/imminent.”

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Comments

  • frosti
    2023-10-31
    frosti

    How is it possible that in June mara went up 100% with bitcoin rise and now same event on bitcoin and mara still in liquidity zone and not even breaching 11-12?

    • SPACE ROCKET: 
      That's because in June, macroeconomic factors were more stable.

      Now, there are 2 wars ongoing, interest rate doesn't show sign of going down, plus SnP index is breaking its critical support (sign of impending recession).

  • zinglee
    2023-10-31
    zinglee

    When bitcoin at $50K, MARA will have to be above $20 per share ...

    • SPACE ROCKET: 
      Not necessarily. Unless MARA can mine at a rate faster than bitcoin halves. Or else it's going to get less profitable.
  • snugglo
    2023-10-31
    snugglo

    how is Mara gonna pay $700 mill in debt when revs are cut in halve next year.

  • wigglyz
    2023-10-31
    wigglyz

    35k Btc psychological block for MARA. Once Btc crosses and holds, MARA moves to $12+

  • bubblyx
    2023-10-31
    bubblyx

    Great time to buy and hold. This will be $12 by Christmas

  • cheerzy
    2023-10-31
    cheerzy

    MARA should have been at least at $20

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