Posted 2/17/2024, 12:47:00 PM
Bitcoin Halving Fails to Boost Crypto Mining Stocks, Returns Remain Unpredictable
- Bitcoin "halving" events happen every 4 years and reduce mining rewards by 50%
- After the last halving in May 2020, mining stocks had mixed results (Marathon +182%, Riot +84%, Bitfarms -47%, Hut 8 -20%)
- There was no clear pattern between the 2020 halving and mining stock returns over 150 days
- Mining stocks remain highly correlated to Bitcoin's price, regardless of halving events
- Crypto mining stocks are very speculative investments due to Bitcoin's volatility