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Should You Buy Bitcoin Mining Stocks Post-Halving?

As a general rule of thumb, Bitcoin (CRYPTO: BTC) mining stocks tend to go up when the price of Bitcoin is going up, and down when the price of Bitcoin is going down. That makes sense, given that their revenue and profitability are directly tied to the price of Bitcoin. Thus, when Bitcoin soared by 150% last year, Bitcoin mining stocks also skyrocketed in price.

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Headline:
Should You Buy Bitcoin Mining Stocks Post-Halving?

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As a general rule of thumb, Bitcoin (CRYPTO: BTC) mining stocks tend to go up when the price of Bitcoin is going up, and down when the price of Bitcoin is going down. That makes sense, given that their revenue and profitability are directly tied to the price of Bitcoin. Thus, when Bitcoin soared by 150% last year, Bitcoin mining stocks also skyrocketed in price.

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Posted on Monday, July 1, 2024.

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