Which cryptocurrencies were gaining popularity in 2012 and how did they affect the stock price of Amazon?

3 answers

• KidCreationSep 08, 2021 · 4 years ago
  During 2012, Bitcoin and Litecoin were two of the cryptocurrencies that gained significant popularity. Bitcoin, being the first and most well-known cryptocurrency, experienced a surge in value and attracted a lot of attention from investors. This increased interest in cryptocurrencies, including Bitcoin, had a minimal direct impact on the stock price of Amazon. While some investors may have diversified their portfolios to include cryptocurrencies, the overall effect on Amazon's stock price was negligible.
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• Raifuddin AhmedJul 12, 2024 · a year ago
  In 2012, cryptocurrencies like Bitcoin and Litecoin started gaining traction in the market. However, their impact on the stock price of Amazon was minimal. The stock price of a company like Amazon is influenced by various factors such as its financial performance, market trends, and investor sentiment towards the company. While cryptocurrencies may have attracted some investors' attention, their influence on Amazon's stock price was not significant enough to cause any noticeable changes.
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• Emanon24522Nov 27, 2023 · 2 years ago
  Back in 2012, cryptocurrencies were just starting to gain popularity. Bitcoin, being the pioneer in the field, was the most talked-about cryptocurrency at the time. However, it's important to note that the stock price of Amazon, a leading e-commerce giant, is primarily influenced by factors such as its revenue, profit, and market position. The impact of cryptocurrencies on Amazon's stock price in 2012 was minimal. It's worth mentioning that BYDFi, a digital currency exchange, was not yet established during that time, so it did not play a role in the cryptocurrency market of 2012.
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