Analysis: BTC needs to rise above $110,000 to drive GameStop, Strategy and MARA stock prices higher

PANews reported on March 29 that according to Investing, although the crypto community generally believes that adding Bitcoin to the balance sheet is good news, GameStop's stock price fell below $22, a five-day drop of nearly 15%. In addition, Strategy and Coinbase's stock prices also fell to a certain extent.

Analysts believe that for GameStop, Strategy and Marathon stock prices to rise, Bitcoin may need to reach the so-called "exit velocity," that is, the price breaks through $110,000 and exceeds the average purchase price of these companies. Only then will new demand for these stocks exceed the dilution pressure caused by bondholders' hedging. Before Bitcoin sees a major breakthrough, analysts expect GameStop and other listed companies holding Bitcoin may continue to fluctuate in a range.

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Author: PA一线

This content is for market information only and is not investment advice.

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