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UnknownUnicorn29290293
May 20, 2022 4:20 PM

HIVE correlation with Bitcoin Long

HIVE Digital Technologies LtdNASDAQ

Description

High correlation on the chart.

Currently stock is trading below 1 USD which is 80% less than ATH.

I expect next price ries after next halving in 2024. With a little more risk it can be good option for long term investment. Sell during the next crypto bull market.
Comments
aorz
This is great. Any company related to crypto has added risk as they fluctuate with the crypto market and they have to run a business. However, in Canada there's an option to purchase stocks in a tax free savings account (TFSA). I'll be keeping an eye on this company to see how it does during the winter. It's the only BTC and ETH mining company.
UnknownUnicorn29290293
@aorz, They are not mining ETH anymore after change to proof-of-stake.
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