- While bitcoin (BTC-USD) retreats a hair from its record high of $64.9K, a number of bitcoin-linked names are sliding a bit more than that.
- MicroStrategy (MSTR -8.8%), Marathon Digital (MARA -10.2%), and Riot Blockchain (RIOT -8.5%) stocks take a breather as investors watch for the first trade of Coinbase Global (NASDAQ:COIN) on the Nasdaq.
- Fintechs Square (SQ -3.8%) and PayPal (PYPL -1.7%), which both have bitcoin-related business segments, also drop.
- With bitcoin recently traded at $63.1K, Goldman Sachs CEO David Solomon, appearing on CNBC, says the cryptocurrency is "on an inevitable path to have the same market capitalization and then a higher one than gold."
- It's all a question of how quickly the adoption of bitcoin will occur, and in Solomon's view it's "happening faster than I had predicted."
- See the recent decline in MARA, MSTR, and RIOT stocks in the five-day chart below.
- Compare key stats of RIOT, MARA, MSTR and SQ via Seeking Alpha's peer comparison page.