Bitcoin Could Soar Over 40% by Year-End; Here Are 3 Stocks That Stand to Benefit
— Implication, Plus history, Rivals, 6 buys vs, Passed, Expect volatility, Inflation, Bitcoin might, Mining business, First week — 1 min read
Bitcoin's performance has followed the lead of the equity market, mirroring the downturn in 2022. Bitcoin's price has tumbled over 70% since peaking last November. Deutsche Bank's Marion Laboure believes by the end of the year, bitcoin’s price could climb back up to $28,000 – a 45% increase from current levels. When bitcoin hits the skids, bitcoin miners are naturally affected too. With this in mind, we scoured the TipRanks database and homed in on three names which are set to benefit from a potential rise in bitcoin's value. They all operate in the BTC mining space, they are rated as Strong Buys by the analyst community and offer plenty of upside potential in the year ahead. Source