The bitcoin halving is set to take place in the next few days, which will cut miners' main stream of revenue in half. As scary as that sounds, the bigger, publicly traded miners are well-prepared to survive the halving and thrive, according to analysts, and given the recent weakness in mining stocks, investors may be staring at a big opportunity.
Miners offer amplified exposure to bitcoin's price action, which has been more volatile since the launch of bitcoin exchange-traded funds introduced more leverage to the market. Nevertheless, the price of bitcoin has more than doubled in the past year, climbing 110%, which has helped miners' efforts to invest in themselves ahead of the halving. "The large public miners are right now much better off than in prior cycles," said Mike Colonnese, an analyst at H.C. Wainwright.
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