Bitcoin outperforming Stock Market 10 to 1 in 2019
Source: https://bitcoinist.com/bitcoin-price-up-111-percent-stock-market-2019/
Below is an old chart from earlier this month.
The crypto market vs stock market is more like 110% to 10% for the stock market so far this year.
We all know that cryptos can be very volatile and last year was especially brutal.
However, If you took a 3-4 year average, the cyrpto market would clearly outperform the S&P 500 or DJIA.
This speaks to the reality going forward that cryptos will be seen as a new asset class and part of a portfolio will go to cryptos.
It’s not just about buying individual cryptos. The market now has crypto ETF’s from many players.
Grayscale is such a player. Thier Bitcoin Trust is performing very well and can be added to any portfolio.
Not investment advice...just sharing data.
All investments can be risky ...diversify and be clear about your objectives, time frames and study what you are investing in.
And bitcoin has only been transported out to the launch pad.
We haven't even seen adoption ignition.
Very true....BAKKT has not launched yet and ETF’s and regulations are coming.
And the year hasn't even end yet. Looking bullish now
Yes....seems to be getting legs, rules, big money, laws etc.....there will still be some downs along the way. Long term looks promising.
Yes....just wait until standards and regulations pass very soon.
Bitcoin on a roll ...
Watch over the next 4 months.