6 Explosive Catalysts For Bitcoin, MicroStrategy (+45%), and Mining Stocks (+39%). Are You Long?

👇1-15) After months of caution on Bitcoin miners, we highlighted CleanSpark in our October 8 report, and since then, its shares have risen 39%. Similarly, Bitcoin mining stocks like Iris Energy, which we noted last week, have gained 13%. As Bitcoin approaches the $70,000 mark, mining stocks are seeing explosive growth, with a strong likelihood of BTC reaching new all-time highs—reflecting the outlook we’ve consistently shared in our research. In just one trading session on Monday, Bitdeer soared 24%, Iris Energy jumped 18%, Bitfarms rose 13%, Marathon gained 11%, CleanSpark added 10%, and MicroStrategy climbed 9%.

👇2-15) We last favored Bitcoin miners in early June, when our top pick, Bitfarms, rallied 25% in just two weeks. At that point, we advised taking profits and waiting for new opportunities. Attractive risk/reward scenarios only began re-emerging in early October, partly due to a significant $12 billion short interest against listed Bitcoin companies, including MicroStrategy, which is used partly as a hedge on its convertible bonds. However, some investors shorted the stock outright.

MicroStrategy effectively trades at a Bitcoin price of $100,000 per BTC.

👇3-15) We also highlighted MicroStrategy’s breakout potential on October 7, when shares were trading at $177, noting, "Doubling Down on Bitcoin’s October Rally as MicroStrategy Shares Could Break Out." Last night, the shares closed at $255, marking a 45% gain since our report. It's not just the upcoming election—several major catalysts over the next eight weeks could have monumental impacts on MicroStrategy, Bitcoin miners, and Bitcoin itself.

Subscribe to Market Updates to read the rest.