Bitcoin stocks like Riot Blockchain and Marathon Digital have also pulled back.
Should you buy Riot Blockchain, or Marathon Digital, or both?
The price of bitcoin (BTC/USD) has plunged over the last few days and the selloff intensified Wednesday. Bitcoin’s extreme volatility, namely a correction of more than $20,000 from its highs, has some wondering if there are safer ways to gain exposure to the digital currency.
Investors with a long-term timeframe may want to take a look at two public companies that offer indirect exposure to Bitcoin. Riot Blockchain Inc (NASDAQ:RIOT) and Marathon Digital Holdings Inc (NASDAQ:MARA) are some of the most popular bitcoin mining stocks in the crypto market and are trading far removed from their all-time highs.