(C) Reuters. Marathon vs. Silvergate: Which Cryptocurrency Stock Is a Better Buy?
For investors seeking to benefit from the rising price of Bitcoin, cryptocurrency stocks Silvergate Capital (NYSE:SI) and Marathon Digital Holdings (MARA) may be just the ticket. The two stocks have crushed the broader markets and we think have the potential to gain momentum if the bull run continues this year. Let’s discuss. Read on.Cryptocurrencies have been on a tear since March 2020. Over the last 14 months, the prices of several digital currencies, including Bitcoin, Ethereum, and Dogecoin, have been on a stellar ascent. The total crypto market is worth more than $2 trillion today and has attracted institutional investment, driving widespread adoption in the process.
For investors seeking to gain exposure to this highly disruptive and volatile space, buying and holding digital tokens via a crypto exchange may be a convenient way. Alternatively, investors can invest in companies that are associated with cryptocurrencies. Here, we look at two such companies that have gained popularity due to the crypto boom.
Silvergate Capital (SI) a financial institution that has partnered with crypto trading exchange houses. Marathon Digital Holdings (MARA) is a bitcoin mining company.
Marathon vs. Silvergate: Which Cryptocurrency Stock Is a Better Buy?
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