Riot Blockchain announced on Monday that it produced 187 bitcoin in March, an over 80% increase versus last year's pre-halving results.
Bitcoin is down roughly 16% from March 13 record highs of over $61,000 per coin, as highly correlated crypto mining stocks follow suit.
Bank of America commodity strategists say there's "no good reason to own bitcoin unless you see prices going up."
"I hope and pray that the bitcoin prices do not crash because if they do, I think we are going to see a major market correction," Mobius told CNBC.
About 10%, or $40 billion, of the $380 billion in direct stimulus checks could go to bitcoin and stocks, according to a survey from Mizuho.