There is no question Marathon Digital Holdings (NASDAQ:MARA) is on a roll. MARA stock is up more than 350% year-to-date. There’s been no stopping this crypto miner.
In fact, InvestorPlace’s Ian Cooper recently named it one of the 5 Stocks to Buy and Hold For the Next Decade. They’ve all got the potential to make patient investors very wealthy.
His rationale: When Bitcoin (CCC:BTC-USD) moves higher, so does MARA. I totally get the sentiment.
However, this is a subject area that’s still very much evolving. As an investor, can you say with 100% certainty that Marathon Digital is the best crypto miner going?
Further, is a bet on this or other crypto miners a safer alternative to Bitcoin, Ethereum (CCC:ETH-USD), or one of the other cryptocurrencies? And lastly, what about the makers of the mining machines. Don’t they deserve some attention?
With all the frothiness surrounding the markets today, I question naming Marathon Digital a stock to own for the next decade. To me, a company like Lululemon (NASDAQ:LULU) makes a lot more sense, but that’s a discussion for another day.
Here are three alternatives I would consider instead of Marathon Digital.
Go for BLOK Instead of MARA Stock
I like to provide my readers with options. There’s always an alternative. If not A, why not B? If not Marathon Digital, why not Amplify Transformational Data Sharing ETF (NYSEARCA:Source…