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Bitcoin Vs. BTC Companies: What's The Better Buy?

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Many Bitcoin-adjacent companies are outperforming the asset itself since the start of the year.

Bitcoin has treated its faithful well in 2023, having appreciated over 80% year to date. However, there may be better ways for investors to capitalize on the asset’s success besides stacking actual sats.

This year alone, all three miners have seen their share prices at least triple in value. Rival mining firm Iris Energy, which rose 9.5% on Friday, is up a whopping 48% since January 1. While the industry’s upside looks promising, it can also encounter even greater downside volatility than BTC. Core Scientific , for example, saw its share price collapse over 80% in a single day in October afterAnother publicly traded firm outpacing Bitcoin this year is Coinbase – up 134% YTD. Though the U.S.

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Bitcoin mining stocks outperform BTC in 2023, but on-chain data points to a potential stallBitcoin mining stocks have posted triple-digit gains to outperform BTC in 2023, but recent actions from mining companies suggests that they are preparing to secure some profit. Bitcoin mining companies outperformed Bitcoin by a huge margin amid the recent bullish price action in the top cryptocurrency.
Source: Cointelegraph - 🏆 562. / 51 Read more »