These stocks bounce with bitcoin (BTC)

Tesla, led by Elon Musk, confirmed that it bought about $ 1.5 billion in bitcoin in January and expects to start out accepting it as a fee sooner or later.

Artur Widak | NurPhoto | Getty Images

As bitcoin and different digital currencies surge in worth, buyers are on the lookout for different methods to play the crypto craze.

Bitcoin is up over 90% because the begin of 2021, even after a recent slide in costs noticed the market shed greater than $200 billion in worth. Ether, the second-largest digital coin by market worth, has climbed nearly 350% year-to-date.

In a be aware revealed Thursday, analysts at Goldman Sachs named an inventory of stocks which are bouncing alongside bitcoin. The financial institution discovered that, on common, these stocks have considerably outperformed the S&P 500 this 12 months.

Leave a Reply

Your email address will not be published. Required fields are marked *