Bitcoin, Block shares more correlated than they should be: Berenberg

The upcoming bitcoin halving could be a boon for the share price of payment company Block, as Berenberg Capital Markets analysts argued bitcoin’s impact on the stock is more than it should be. The correlation between Block shares and the price of bitcoin — standing at 0.61 — “appears to be a case…#mattlason #blockworks #jackdorsey #jimmckelvey #cashapp #berenberg #markpalmer #coinbase #microstrategy #spiral
Source: Reuters: Health - Category: Consumer Health News Source Type: news
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