Recently, Binance published a comprehensive study of how they have played the price movements of Bitcoin, compared to the variation in the world of actions. From the beginning of 2020 has spoken of a growing correlation between the two, but in this opportunity Binance gives the data.
Specifically, this study compared the evolution of certain indicators of the stock market traditional with the performance of BTC.
Before the rise of Bitcoin, the stock market had been the platform of choice for the people who wanted to grow their portfolios of assets. So, understandably, when Bitcoin emerged as a substitute on rapid increase with a potential and a volatility comparable, the conversation focused on the cryptocurrencies.
What is certain is that the controversy of yes Bitcoin is what is promised in 2009 or not, continues. This refers to the premise that the face of a global economic crisis, Bitcoin would act as an active guard almost 100% sure.
Comparison between Bitcoin and shares in the NASDAQ 100 and the S&P500
In this evaluation conducted by Binance, we compared the performance of Bitcoin with the NASDAQ 100 and S&P500.
The S&P500 is an index that reflects the stock performance of the 500 largest u.s. companies. For its part, the NASDAQ 100 is an index that tracks the top 100 u.s. companies.
There comment that if someone had invested$ 1,000 at the beginning of 2020 at this time would be worth US$ 1.660, while on NASDAQ it would be worth US$ 1.265 and$ 1.029 in the case of S&P500. Of course, prices fluctuate from day to day, but this is only one of many cases that show the competitiveness of Bitcoin as an asset.
This comparison did not stay here. In the study of Binance also comments on the comparison of some of the actions of “first level” with Bitcoin and two other cryptocurrencies popular: Ethereum (ETH) and BNB.
General comparison of the annual growth of investment in Bitcoin and other cryptocurrencies, as well as some of the actions of the first category. Source: Binance
One of the main conclusions of Binance after making this table is that only in the year 2020, the cryptocurrencies can come face-to-face with some of the best actions of first-line market. All in the midst of a context as challenging as the one we are currently living with the pandemic for the COVID-19.
Advantages of choose to bet for BTC according to Binance
After this general comparison, Binance argues that investing in cryptocurrencies and Bitcoin is more accessible whereas, in order to access them or even have to buy them in the market. In this part comment on the possibility of getting BTC by mining in a group such as that in Binance Pool. In contrast, the only way you can get additional actions in a company is whether they will initiate a stock split in their holdings.
However, this is not the only voice that recommends investing in Bitcoin in these days. Recently, Mike Novogratz and Dave Portnoy did something similar. In your case, the comparison you made was with the gold.
Recently, with the increase in the price of Bitcoin can be that these estimates are better than estimates the exchange and investors such as those already mentioned.
These investors have decided to test the theory that says that portfolios that contain Bitcoin and other cryptocurrencies generally outperform portfolios without cryptocurrencies. Up to now do not seem to repent of his position.