Most of the concept stocks of digital currency are falling. At the time of publication, Canaan's stock has risen over 11%.
According to the news, on Monday, most of the digital currency concept stocks fell. At the time of publication, Coinbase(COIN.US) and MicroStrategy(MSTR.US) fell more than 2%, while Riot Blockchain(RIOT.US) and Marathon Digital(MARA.US) fell more than 1%. Canaan(CAN.US) rose more than 11%.
According to a recent report by Bernstein, Bitcoin's price is expected to skyrocket to $500,000 by the end of the 2030s. Analysts Gautam Chhugani and Mahika Sapra of Bernstein expressed in an initial report on MicroStrategy stocks that Bitcoin is expected to surge by 659% from the level of last Friday to reach $500,000 by 2029.