• H.C. Wainwright analysts show that mining stocks are stronger than BTC.
• Mike Frankfurter set out his views in a research report on Tuesday.
• In January, BTC rose 40% and the average of mining stocks rose 124%.

For investors who want to fully profit from the further potential rise of the Bitcoin market, mining stocks are significantly better than the immediate open type.

Mining stocks significantly exceeded BTC

Bitcoin investors were very happy last month, with the price rising by nearly 40%. However, Mike Frankfurter showed that compared with the average increase of 124% in mining stocks, this increase was insignificant.

More importantly, analysts predict that this major performance will continue to move forward. Its research report writes:

We expect that, driven by the rise of BTC price and the slowing of energy costs, the development of mining economy will significantly improve, which will drive the upward adjustment of the estimated value of all companies in 2023, and see that the mining inventory will continue to increase exponentially.

Colonese predicted that once the Federal Reserve of the United States decided to adjust the annual interest rate after terminating the interest rate increase, the Bitcoin market would be particularly fortunate.

The colonists were named "must have" mining stocks

H.C. Wainwright analysts also mentioned that although BTC has declined slightly in the past week, mining stocks continue to rise.

Some of his views on BTC miners are also based on their monthly production upgrading. Three of these companies, especially Marathon Digital, CleanSpark and Cipher Mining, recently reported that the number of bitcoins forged by these people increased sharply in January.

Therefore, Colonese upgraded CIFR to "buy" this morning and said that its stock price is likely to rise further to $3.0. This means an increase of about 75% from today.

In January, Cipher Mining Inc increased its hash rate by about 48% compared with last month. In today's research report, the colonists call it "necessary" mining stocks.