An update to my MARA chart:
Looks like the thesis played out - albeit I have to admit if you only read the previous post's title then you'd think my play was it was going to $0 haha.
The IHS idea has worked out with a breakaway gap to the upside. There is still insufficient volume to support this price action, so proceed with caution. I do think this has the highest chance it's had to be a runner. And for good reason - at 55B, the leading BTC miner is significantly undervalued for the heat that comes with crypto. With crpyto ETFs giving BTC adoption to the masses, MARA should see a reduction in beta which could see more institutional flows coming to it.
The IHS idea has worked out with a breakaway gap to the upside. There is still insufficient volume to support this price action, so proceed with caution. I do think this has the highest chance it's had to be a runner. And for good reason - at 55B, the leading BTC miner is significantly undervalued for the heat that comes with crypto. With crpyto ETFs giving BTC adoption to the masses, MARA should see a reduction in beta which could see more institutional flows coming to it.
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