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Topic: Will the rise of Crypto Market affect publicly traded companies as well? (Read 65 times)

hero member
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Merit: 680
★Bitvest.io★ Play Plinko or Invest!
Crypto and blockchain-related companies I say. And they really are also being considered and skyrocketed in valuation just like Coinbase.

--> https://cointelegraph.com/news/coinbase-reportedly-hits-pre-ipo-valuation-of-100-billion-in-private-auction
jr. member
Activity: 125
Merit: 5
With the Crypto Market doing good and I think the Stock Market as well, do you guys think that it will also affect the value of public companies that are focused on blockchain technology?
There is BTCS Inc. in which I have read is one of the first publicly traded companies.
I know that there may be more others like them but my main question is would their price go up since they are connected to Blockchain? Or would it be totally unrelated and their price would not change?
I always felt like Crypto and the Stock market are very similar and I'm thinking about investing in both.
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