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Benefiting From the Cryptocurrency Executive Order, Investment Bank Jeffrey Recommends Investors to Buy Miner Stocks

By WebsCryptoMarch 10, 20221 Min Read
Benefiting From the Cryptocurrency Executive Order, Investment Bank Jeffrey Recommends Investors to Buy Miner Stocks
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On March 10th, investment bank Jeffrey analyst Jonathan Peterson spoke highly of the cryptocurrency executive order signed by Biden in a report to clients, saying that the executive order will fully support the encryption industry, including bitcoin miners, And trying to make the US a global leader in the crypto economy.

We believe that the U.S. government is now more formally involved in and supporting the digital asset industry, which is a positive for cryptocurrency mining companies, the analyst said.

Jonathan Peterson reiterated his buy ratings on two bitcoin miner stocks, Argo Blockchain PLC ADR and Marathon Digital Holdings Inc. Shares of both companies were up 15% on Thursday, and bitcoin was up 9% on the day.

However, judging from the performance of the whole year in 2022, the stock prices of miners generally fell by about 30%, and the price of Bitcoin also fell by 16%.

Related:  Bitcoin’s Drop Below $23K Mark Results in Over $200 Million in Long Liquidations
DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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