These stocks bounce with bitcoin (BTC)

Tesla, led by Elon Musk, confirmed that it bought about $ 1.5 billion in bitcoin in January and expects to begin accepting it as a cost sooner or later.

Artur Widak | NurPhoto | Getty Images

As bitcoin and different digital currencies surge in value, buyers are in search of different methods to play the crypto craze.

Bitcoin is up over 90% because the begin of 2021, even after a current slide in costs noticed the market shed greater than $200 billion in worth. Ether, the second-largest digital coin by market worth, has climbed virtually 350% year-to-date.

In a word revealed Thursday, analysts at Goldman Sachs named a listing of stocks which can be bouncing alongside bitcoin. The financial institution discovered that, on common, these stocks have considerably outperformed the S&P 500 this yr.

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