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Marathon Patent Group Sprints To Catch Up To Bitcoin's Blastoff

  • Marathon is one of few U.S.-based publicly-traded bitcoin miner equities.
  • Bitcoin appears to be breaking out, and if it continues, equities with exposure to Bitcoin are likely to get increasing interest and allocations.
  • Though Marathon is likely to be extremely volatile in the coming months, it has the potential to provide both uncorrelated diversification and asymmetric risk/reward.
  • This is a halvening-based speculation that presumes Bitcoin will achieve greater price appreciation in 2021 than it did in 2020.
    This summer, we proposed that Bitcoin miners were likely to appreciate along with Bitcoin, and that Riot Blockchain was likely to appreciate in reaction to a probable Bitcoin breakout. That theory has since proven reasonably accurate, with both Bitcoin and Riot Blockchain breaking out. We now believe that both Riot and Marathon Patent Group have established themselves as the two main domestic Bitcoin miner equities as well as the two entities within the sector that are most likely to become mid caps within the next year.

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