These stocks bounce with bitcoin (BTC)

on May4
by | Comments Off on These stocks bounce with bitcoin (BTC) |

Tesla, led by Elon Musk, confirmed that it purchased about $ 1.5 billion in bitcoin in January and expects to start accepting it as a payment in the future.

Artur Widak | NurPhoto | Getty Images

As bitcoin and other digital currencies surge in price, investors are looking for other ways to play the crypto craze.

Bitcoin is up over 90% since the start of 2021, even after a recent slide in prices saw the market shed more than $200 billion in value. Ether, the second-largest digital coin by market value, has climbed almost 350% year-to-date.

In a note published Thursday, analysts at Goldman Sachs named a list of stocks that are bouncing alongside bitcoin. The bank found that, on average, these stocks have significantly outperformed the S&P 500 this year.

Previous postCounty Says Vanessa Bryant Lacks Basis to Sue Deputies Over Crash Photos – NBC Los Angeles Next postAnthony Davis Scores 25 Points as Short-Handed Lakers Stun Nuggets 93-89 – NBC Los Angeles

Los Angeles Financial times

Copyright © 2023 Los Angeles Financial times

Updates via RSS
or Email