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%.