Higher gold causes gold mining and exploration companies to soar, often outperforming the yellow metal’s price. In agricultural commodities, rising grain and soft commodity prices often cause fertilizer and agribusiness equipment company shares to explode higher. Over the past months, rising commodity prices have taken many pick and shovel stocks to highs because of increasing inflationary pressures.
Marathon Patent Group, Inc. (MARA) has become a pick and shovel play on Bitcoin and the other over 8600 members of the asset class in the burgeoning digital currency world. MARA shares have exploded over the past weeks and months as Bitcoin futures rose to their record $58,610 peak in February.