Q: Why mining company's share price going down while BTC price going up? is it good strategy to hold and add more on weakness or sell all mining stock? if sell what is your top pick(US & CANADIAN STOCK) for BTC sector?
5i Research Answer:
Our top pick, GLXY, needs to be considered higher risk but we like its potential. Many stocks are being sold as investors move funds into more-secure crypto ETFs, which of course do not have the operating risk and other issues that companies can have. We think 'some' exposure is warranted for those who believe in the sector. We would not see it as 'necessary' especially for a more conservative investor.
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