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-0.000352711638144619 0.00098669964594903 -0.00236182856428493 -0.00102241728019144 -0.00258506377830065 -0.000575946852160174 0.0168363998410566 0.00455846307019855
Stock impact report

Bitcoin Treasury Companies Are The New Altcoins [Forbes]

GameStop Corporation (GME) 
Last gamestop corporation earnings: 3/26 04:06 pm Check Earnings Report
Company Research Source: Forbes
By “role,” I do not mean their technological utility. I've written at length about why different cryptocurrencies exist to serve different use cases, whether enabling stable cross-border value exchange or powering decentralized autonomous organizations. What I refer to is their market role as speculative, levered proxies for bitcoin - assets that track the original cryptocurrency's price movements with remarkable accuracy, but with enhanced volatility and risk. Four years ago, this was conventional wisdom, and indeed how things worked. As Bitcoin appreciated, capital rotated down the risk curve into smaller, less liquid altcoins that could multiply in value much faster from the same amount of money. For some, it was a reason to hardly own Bitcoin at all – and motivation for several projects to launch their own coins in hopes of inheriting some of that risk-seeking capital. “That's the bull market. You shouldn't own bitcoin because it's gonna underperform,” once said Global Macr Show less Read more
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