Tabassum ShaikhDec 16, 2021 · 3 years ago2 answers How does the price of Bitcoin affect the value of my GE stock?
I'm curious about the relationship between the price of Bitcoin and the value of my GE stock. Can someone explain how these two seemingly unrelated assets can influence each other? I've heard some people say that Bitcoin is a safe haven asset, while others claim it's highly volatile. How does this volatility or safe haven status affect the value of my GE stock? Are there any specific factors or mechanisms that connect the price of Bitcoin to the value of traditional stocks like GE?