Bitcoin Is Bringing Companies Like Coinbase Down - BitcoinEthereumNews.com
BitcoinPinababa ng Bitcoin ang Mga Kumpanya Tulad ng Coinbase06 / 01 / 2022Balita ng Ethereum ng Bitcoin There are many companies out there that are way too attached to bitcoin either by choice or simply because BTC is part of what they do. With the price of the worlds number one digital currency by market cap slumping badly in recent weeks, many firms – including crypto exchange Coinbase and software giant MicroStrategy – are watching their stock prices take massive hits. Coinbase and MicroStrategy Are Taking Big Dives MicroStrategy stock, for example, has shot down by roughly 26 percent. The company and its chief executive Michael Saylor have made it a point to stick by the asset no matter what – even when the asset is doing as badly as it is now. The company began buying bitcoin in late 2020 and it hasnt looked back, but with so many BTC units as part of its reserves, the company is now experiencing some rather drastic losses given that it has tied itself so thickly to the digital currency. Steven McClurg – chief investment officer at Valkyrie Investments – commented on the situation in an interview, stating: Crypto and equity markets are largely selling off in