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Friday, August 11, 2017

Research Says Bitcoin Price Booms May Positively Affect Stock Prices

Research Says Bitcoin Price Booms May Positively Affect Stock Prices

Nautilus Investment Research recently said stock prices tend to soar whenever bitcoin experiences explosive growth. Bitcoin’s price has trended upward about 80% this last month. The S&P 500 has seen monumental increases in lockstep with bitcoin. It appears that bitcoin prices are correlated with rise in stock prices. 


The Business Insider article said, “These kinds of astronomical gains in bitcoin, it turns out, are correlated with a strong showing by stocks too, according to Nautilus Investment Research.”


Nautilus Investment Research also detailed that whenever bitcoin gained 30% value in a month, various stocks increased in price a couple of months later. They tweeted a graph showing Bitcoin as a “driver” for SPX.


Full story at http://bit.ly/2uIG5ZC


Source: Bitcoin News


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