Ed Carpenter Racing's Bitcoin-themed number 21 Chevrolet from last spring's Indy 500.

Bitcoin (CRYPTO: BTC) Bounces Above $60,000

With Bitcoin finally regaining the $60,000 level last week, it's worth remembering where it was last spring. 

When Bitcoin was trading at about $37,000, market technician Carter Worth worried it might be headed for $20,000. 

Our Top Bitcoin Stock

Screen capture via Portfolio Armor on 5/28/2021. 

We mentioned Marathon Digital here at the time ("A Hedged Bet On A Bitcoin Bottom"). 

Since then, Marathon Digital has nearly doubled, while Silvergate also performed well, and Riot Blockchain has lagged. 

As of last Friday's close, Marathon Digital was our highest-ranked crypto name, and it was #17 on our overall ranking of securities our system estimates have the highest return potential over the next six months. 

A Hedged Bet On Bitcoin Making New Highs

If you're bullish on Bitcoin making new highs over the next few months, but you want to limit your downside risk in the event that you're wrong, a hedged bet on Marathon Digital may be a way to do that. In the video below, we demonstrate how to do that using our iPhone app.