Huge Potential for MARA!
$Marathon Digital Holdings Inc(MARA)$ $Bitcoin(BTC)$
This is the kind of stock that will boost emotions at earnings. lots of shorts around and last important news saying they might need cash.
A surprise in the results can boost the price...bad news where incorporated in the price. Expectations are very low. I see Mara with very strong surprising results and projections...staying long and greedy (still).[Miser][Miser][Miser]
Next, to a larger extent, I can foresee a steady growth in Bitcoin price and volatility coming in the months ahead.
This shift will be independent of any Spot ETF approvals or even the Bitcoin halving which will ignite their own Bitcoin runs. It is the result of a steady growth in global hashrate and hashrate difficulty.
The cause of the steady increase is coming directly from China and the recent Chinese government acceptance of cryptocurrency infrastructure growth in Hong Kong.
Last year, Foundry USA pool (now 135 EH) was by far the largest Bitcoin mining pool. However, over the past year AntPool (now 128 EH) located in Beijing China has grown to within 7 EH of catching Foundry.
Additionally, F2Pool (now 58 EH) also located in China is in 3rd place for most hash. As Hong Kong institutional investors begin investing more in Bitcoin as a result of the recent agreement between Hong Kong and Standard Chartered Bank to begin crypto custody services through their subsidiary, Zodia Custody, we should begin to see overnight Bitcoin price increases that will grow Bitcoin pent-up institutional adoption and spark increased daily volatility. 2024 will see the bulk of this form of growth.
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