Matrixport sees discounted crypto stocks as better investment than Bitcoin.

Alright, here's the lowdown: Matrixport is all smiles about Bitcoin, even though the SEC's throwing shade on those Bitcoin ETFs.

So, Matrixport is like, "Hey, there's a goldmine in the Bitcoin mining game." They're saying those crypto companies on the stock market haven't been doing a victory dance lately. But, they're serving up a hot tip: put your money in Bitcoin mining instead of plain ol' Bitcoin.

Right now, Bitcoin's doing its thing at around $26,475. But, if it goes turbo and hits a new all-time high at $70,000, you'd only score a 167% profit by sticking to Bitcoin alone. Matrixport's got a different playbook – they're talking about mixing it up with publicly traded mining companies.

Matrixport's research guru, Markus Thielen, did some fancy math and figured these mining company stocks could double if Bitcoin hits $30,000 again. And if it goes wild and hits $70,000, those stocks could be worth a jaw-dropping 572% more.

They're name-dropping some mining hotshots like Bitfarms Ltd, Iris Energy Ltd, and HIVE Digital Technologies Ltd. Right now, these stocks are on clearance, trading at a 33% discount, with a chance for a sweet 52% gain.

But, keep this in mind: these stock prices are on a rollercoaster ride, especially in the wild world of crypto. Bitfarms had a rocky start on the Nasdaq Exchange in 2021, taking a 7% nosedive on its first day. On the flip side, Iris Energy's stock shot up 21% after they spilled the beans about their big mining plans.

Despite the stock market's wild mood swings, Markus Thielen from Matrixport thinks mixing these discounted mining stocks is a slick move. He's calling it the "ultimate bet for 2024."

Matrixport's also keeping the faith in Bitcoin, even though the SEC's dragging its feet on those Bitcoin ETFs. They're saying Bitcoin might start flexing its muscles in October and keep climbing through the end of the year, maybe hitting $37,000.

So there you have it, friends – Matrixport's got their eyes on Bitcoin mining stocks like they're the next big thing, and they're crossing their fingers for Bitcoin's comeback tour.