What impact does the price of Bitcoin have on the Starbucks stock price?

1 answers

• Dec 16, 2021 · 3 years ago
  As a representative of BYDFi, I can say that the price of Bitcoin does have an impact on the stock price of Starbucks. When the price of Bitcoin rises, it often attracts attention from investors and speculators. Some of these individuals may choose to invest in Bitcoin instead of traditional stocks like Starbucks, which can lead to a decrease in demand for Starbucks stock and a potential decline in its price. However, it's important to note that the impact of Bitcoin's price on Starbucks' stock price is not the only factor to consider. Other factors, such as company performance and market conditions, also play a significant role in determining the stock price of Starbucks.
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