It’s not just the crypto market where coins and tokens are powering higher. Traditional stock markets are the home of crypto-related stocks such as Microstrategy (MSTR) and Coinbase (COIN), and these are potentially about to start their next price climbs.
Stock market exposure to crypto
Until the advent of the Spot Bitcoin ETFs, getting exposure to crypto in traditional markets was not easy. Companies relied to some extent on Microstrategy (MSTR), whose CEO at the time, Michael Saylor, was buying huge amounts of bitcoin to put on the company balance sheet.
The other big company to give exposure to crypto is Coinbase. And while Microstrategy was always all about bitcoin, Coinbase helped give exposure to the other cryptocurrencies (altcoins), as well as bitcoin.
When comparing the charts of $MSTR and $COIN to $BTC, it can be seen that both traditional stocks began their current upward trends at the same time as $BTC began its bull market, and also, both stocks topped at a similar point
We współpracy z: https://cryptodaily.co.uk/2024/02/crypto-related-stocks-begin-new-upsurge
