Which stock are most effected by Bitcoin?
$Riot Platforms (RIOT.US)$ $Coinbase (COIN.US)$
$Advanced Micro Devices (AMD.US)$ $NVIDIA (NVDA.US)$
I wanted to find out stocks & Bitcoin price correlation to determine which are the best stocks to invest if you are Bullish/Bearish on Bitcoin.
$Advanced Micro Devices (AMD.US)$ $NVIDIA (NVDA.US)$
I wanted to find out stocks & Bitcoin price correlation to determine which are the best stocks to invest if you are Bullish/Bearish on Bitcoin.
I thought about the following ones (If you know better ones which are effected by Bitcoin, please mention them):
Miners? ($RIOT, $M.A.R.A.. etc)
Crypto exchanges? ($COIN?)
Chip Makers? ($AMD, $NVDA)
Elon Musk ($TSLA)?
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Marilyne : COIN depends more on transaction fees, and thus people using it over numerous competitors. Also depends on people parking their holdings with them instead of moving to a personal wallet.
Quentrell : I would say $MSTR (Microstrategy), Michael Saylor is the CEO, because they basically own Bitcoin with leverage at this point, they borrowed money to buy more numerous times and they are doing very well for themselves.