Fundstrat Vice President Lior Shimron said that during the last bull run, the average stock returns mining companies has surpassed 5000%.
The investor analyzed the price movements of Riot Blockchain, Marathon Digital Holdings, Hive Blockchain and Hut 8 stocks.
According to him, shares of mining giants are growing by2.5% in response to each movement of the BTC price by 1%. While Bitcoin is up 900% over the year, some stocks have exceeded 8000%. Nevertheless, it should be borne in mind that in a bear market, their shares will start to fall in price.
In the middle of last month, when BTC crossed the psychological mark of $ 50,000, the shares of miners and ASIC manufacturers doubled.
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