MARA is a Bitcoin Mining Business that makes money from mining bitcoin and selling it on the open market. Anyone can mine bitcoin, but not at the levels MARA can putting them in a unique position to capitalize on the halving and higher BTC prices.
Recently I watched an interview that I'll share below with Fred Thiel in regard to the future of MARA. He talks about a reservation business that will allow institutions and individuals to reserve a spot in line to get a newly mined BTC. This is crucial because as the halving occurs and demand stays at record highs, MARA will have the ability to sell BTC at a premium to their customers as there will not be enough BTC on the market, so they will need to pay a premium for it. The ETFs are gobbling up BTCs, I wouldn't be surprised if there begins some speculation that a Blackrock or Fidelity will look into the buying one of these miners to gain access to the bitcoin network and have the ability to mine their own BTC rather than buying on the open market.
I think MARA will begin to run as the dilution has been priced in and as long as BTC continues to rise, I have faith MARA will follow.
I believe it is currently bouncing off its support level, getting ready for another rise.
$27+ by the end of March is my estimate.
DYOR, this is not financial advice.
Comment
⋅
BTC Down Overnight and MARA holding up. Think this might be the reversal we are looking for as Options Expire today, relieving some of the downward pressure.
I think we move up from here.
Trade active
⋅
Comment
⋅
Big Bounce this Morning! And now we climb back to the mid to high 20s! :)
Comment
⋅
Holding up okay after a big run yesterday.
The gap level at $21.60 level looks like it is holding as possibly the new support for the next rally up.
Comment
⋅
Trade active
⋅
Aded more @ $21.25 thing morning.
Comment
⋅
Doing my best to stay calm and stay in... these low volume down days are false breakdowns in my eyes.
Someone is trying to push it down to get in cheaper....
Agreed. I was hoping that the news of MARA acquiring a 200MW bitcoin mining data center would trigger a price increase. Nevertheless, I still believe in MARA.
ngmartin02
⋅
@Trey021 just gotta zoom out and realize we’re still in a nice uptrend If anything, this consolidation is building a nice foundation for a big leg up.
similarRice26691
⋅
Where do you see mara by october ? I didn’t sell but my buying is at 27 , my mistake . Do you think there is still chance for mara to make it to 50’s this year ??
Brandon388
⋅
@similarRice26691 it should be much higher than it is right now by October
ngmartin02
⋅
@Brandon388, I completely agree. I think right now is the shake out before the big rise. Halving is be a big deal with just the US ETFs, it is going to monstrous once the Asia ETFs come live. Not only will the Miners have exclusive access to the new supply, they will be the only source of supply 👀