Search
As the initial fervor and speculative craze surrounding the cryptocurrency market gradually subside, the stock prices of companies that hold significant quantities of Bitcoin and other digital currencies have seen a dramatic decline. These firms typically raise capital through the issuance of stocks or bonds, using the proceeds to acquire cryptocurrencies and list them as assets on their balance sheets. In the earlier part of this year, buoyed by expressions of support from U.S. President Trump for the cryptocurrency industry and Bitcoin prices soaring to unprecedented heights, investors rushed to buy shares in these companies, hoping to capitalize on the digital currency boom. However, the tide has now turned, and the market sentiment has shifted dramatically.
-
C114 Communication Network -
Communication Home
