Nike Stock Tumbles to 12-Year Low: Riskier Than Bitcoin?

Nike's stock has plummeted to a 12-year low, sparking concerns about its financial health. The company's shares have dropped by nearly 50% over the past year, making it riskier than Bitcoin in terms of price volatility.

The decline has left many investors wondering if Nike is on shaky ground. Despite being one of the world's largest and most recognizable brands, the company's stock price has taken a hit due to decreased sales and profit margins.

Nike's struggles have been attributed to various factors, including increased competition from online retailers and shifting consumer preferences towards more affordable and sustainable products.