Bitcoin's Debasement Trade Hits a Contradiction as MARA Sells $1.5 Billion While JPMorgan Calls It the New Gold

Bitcoin Miner MARA Stock Under Pressure Following $1.5 Billion Bitcoin Sell-Off

MARA Holdings still has in its coffers 35,303 Bitcoin valued at roughly $2.84 billion, making it the fourth largest corporate Bitcoin holder in the world. But that position comes after the company sold a significant chunk of its reserves — and investors took notice. Related Reading: Crypto Firm Exod...

Bitcoin's debasement trade hits a contradiction as MARA sells $1.5 billion while JPMorgan calls it the new gold

Bitcoin has climbed roughly 30% over the past two months, from a February low near $62,000 to around $80,621 by May 12, helped by renewed interest in assets seen as resistant to currency debasement. Bitcoin price chart | Source: Tradingview The rally has revived an old debate. Can Bitcoin actually behave like gold during periods of fiscal stress, or is it still mainly a speculative trade? The contradiction is now sitting inside the Bitcoin treas…