Marathon Vs. Silvergate: Which Cryptocurrency Stock Is A Better Buy?

Marathon Digital is valued at a market cap of $2.42 billion, and analysts expect its sales to rise by a whopping  6,400% to $286 million in 2021, indicating a forward price to sales multiple of less than 10x.

The final takeaway

Both stocks discussed here can be part of an investor’s portfolio if the investor is bullish on Bitcoin and cryptocurrencies over the long term. But for those with a lower risk appetite, Silvergate seems a better buy given that it is a banking company with diversified streams of revenue. In a crypto bear market, Silvergate will also lose revenue as account holders will not trade as much. However, it has other verticals to offset these losses.

SI shares were trading at $88.35 per share on Friday afternoon, down $3.57 (-3.88%). Year-to-date, SI has gained 18.89%, versus a 11.62% rise in the benchmark S&P 500 index during the same period.

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