These numbers raise an important question: what is driving Overstock’s sudden rally? My guess is that it is bitcoin, and it might indicate that cryptocurrencies have passed an important milestone.
The milestone is this: more conservative investors; including value investors, have taken notice of altcoins. These people would not invest in cryptocurrencies directly but they are looking for stocks that might from them. Overstock is one of those because it takes direct bitcoin payments; unlike most online retailers including Amazon.Read more