Forget Bitcoin's Bounce: This Stock Is Still a Better Buy

Forget Bitcoin's Bounce: This Stock Is Still a Better Buy

Bitcoin briefly tumbled below $29,000 this week before rallying hard to above $34,000 at the time of this writing, maintaining its position above what some see as a key $30,000 threshold. The cryptocurrency has been on a wild ride, but continues to show more relevancy for the future of money than other coins like meme currency Dogecoin, which has little more than a relatively cheap price and base of support in internet chat rooms and social media. Steelmaker Cleveland-Cliffs (NYSE: CLF) is not what you would consider a meme stock, though it has been getting support from the r/WallStreetBets crowd of late with the price up 43% in 2021 and 265% over the past year.