New to financial markets? Not sure what's the most profitable option? Here is a comparison of Bitcoin and S&P 500, an asset class that generates ~10.5% return.👇 By CMCAlexandria Author: CryptoJelleNL Editor: YousraAASheikh eth sol stocks
It took a while for this idea to gain popularity, and the popularization of Bitcoin eroded the idea in a sense. Rather than being peer-to-peer electronic cash, Bitcoin is – by many – considered to be closer to digital gold. Nevertheless, this innovation has quickly risen to become one of the most valued asset classes in the world.Banks and brokers now offer Bitcoin to their clients, legitimizing it as a financial instrument in the same list as commodities, bonds, stocks, and indices.
. Recent data published by Arcane Research showed the 90-day correlation between Bitcoin and the S&P to be as high as 0.49. Even though hard-line stock investors and bitcoin-bugs frequently go at each other’s heads, the two behave more similarly than many think. The chart below shows the comparison many analysts like to make. I personally think the similarities are limited and the past performance obviously does not guarantee the performance in the future, but it’s still an interesting discussion.
With Bitcoin, its value is far more speculative. Although both the S&P and Bitcoin are valued by the market , there are no revenue streams, dividend payments or annual reports to gauge the potential value of bitcoin. This lack of “data” is part of the reason why I personally consider Bitcoin to be much closer to a commodity than a stock index.
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