Better Bitcoin Stock: Coinbase vs. Marathon Digital Holdings
Bitcoin's (CRYPTO: BTC) price hit an all-time high of $67,567 last November. But today it trades at about $18,000. The world's top cryptocurrency lost its luster as inflation, rising interest rates, and other macro headwinds drove investors away from riskier investments.
That decline also crushed many Bitcoin-related stocks. Coinbase (NASDAQ: COIN), one of the world's largest cryptocurrency exchanges, and Marathon Digital (NASDAQ: MARA), one of the market's top Bitcoin mining companies, both shed more than 80% of their value this year. Should investors buy either of these beaten-down stocks as a turnaround play?
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Source Fool.com
