Why Riot Blockchain Shares Rose 122% in the First Half of 2021

Shares of Riot Blockchain (NASDAQ: RIOT) gained 121.7% in the first half of 2021, according to data from S&P Global Market Intelligence. The American Bitcoin (CRYPTO: BTC) miner has been extremely volatile in general and has actually lost two-thirds of February's peak valuation at this point. The plunge includes a 31% drop in the first 19 days of July.

Riot amplified Bitcoin's strong price gains over the winter but was equally hypersensitive when the leading cryptocurrency's prices came back down in May. The crypto market as a whole is both maturing and going through some growing pains, still searching for a firm legal framework on whether Bitcoin holdings should be treated as a currency, an investable equity asset, or some entirely new type of financial beast.

Meanwhile, consumers and individual investors are getting more and more comfortable with some of the leading digital currencies, which bodes well for their long-term future.

Source Fool.com