Here's Where to Invest $1,000 Right Now
As Bitcoin (CRYPTO: BTC) keeps bumping frustratingly into the $30,000 mark and down again, some cryptocurrency fans might lose patience and bail. That's a shame, as the HODL (Hold On for Dear Life) strategy has richly rewarded many of Bitcoin's long-term investors.
Meanwhile, some investors would prefer to stay in the world of stocks and exchange-traded funds (ETFs) rather than dabble in direct cryptocurrency trading. For example, some types of retirement accounts might not permit Bitcoin buying and selling. Until a full-fledged spot Bitcoin ETF is approved, you may prefer an indirect play (or two) on Bitcoin's potential upside through shares of crypto producers.
While Riot Platforms (NASDAQ: RIOT) and Marathon Digital Holdings (NASDAQ: MARA) don't have one-to-one correlations with the price moves of Bitcoin, there's definitely some overlap. So, if you're ready to wager a moderate sum -- say, $1,000 in total -- on a couple of premier Bitcoin miners, let's take a closer look at what makes Riot and Marathon stand out in 2023.
Source Fool.com
