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Posted on 03/23/2021 8:05:22 AM PDT by aMorePerfectUnion
'Goldman Sachs said that Bitcoin’s 2021 returns had eclipsed that of the stock market’s best performing sector
Investment bank Goldman Sachs revealed that it had started tracking Bitcoin’s performance at the beginning of the year, and so far, the leading cryptocurrency has outperformed the stock market. According to Goldman Sachs, Bitcoin’s year-to-date return is double that of Wall Street’s best performing sector.
...
As of 4 March, the leading cryptocurrency’s year-to-date returns are around 70%.
The ROI is double that of the energy sector (35%), which occupied the second position.
Bitcoin (BTC) began the year close to the $30,000 mark and quickly rose to reach an all-time high of $58,300 in February. BTC has experienced a tumultuous two weeks, dropping below the $44,000 mark last week, but it is rebounding and currently trading above $53,000 at press time.
The energy and financial sectors are enjoying excellent year-to-date returns thanks to the recovery in oil prices and real yields so far this year. However, despite the rejuvenated performance of these sectors, they still lag behind Bitcoin.
The cryptocurrency’s market cap surpassed the $1 trillion mark earlier this year as BTC, ETH and others rallied.
Amongst the asset classes tracked by Goldman Sachs, Gold was the worst performer since the start of the year.
An increasing number of investors are gaining exposure to Bitcoin and other cryptocurrencies...
A recent survey had revealed that 40% of Goldman Sachs clients have exposure to cryptocurrencies. More than half of the clients (54%) believe the cryptocurrency will top $100,000 by the end of the year.
(Excerpt) Read more at coinjournal.net ...
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Ping!
Seems like a really good time to sell. ;)
It took a large dip yesterday. As did most cryptos.
What happens with Crypto when the lights go out for the last time??
Same thing that happens to your debit/credit cards.
I was on the verge of buying Bitcoin over 5 years ago. I do have a question though. How easy/difficult is it to liquidate (convert into dollars)? I have a feeling it’s not like your typical equity investment.
It’s not the Bitcoin increased in value as much as it is that the dollar decreased in value due to the Feds printing funny money and the Uniparty spending money they don’t have while chasing out businesses.
Not sure about that.
But it certainly impacts on valuation.
Bitcoin is also rising in other currency valuations.
I can only speak to buying/selling on Coinbase.
Easy as pie
Several years ago we purchased fancy new electric bikes for the both of us for 1 BTC. Today, we can buy a new electric car for the same amount. So, not too sure about that.
Had three ETH buy order blocks filled yesterday. Now I’m in a selling mood. Lol
Best get our houses in order for the big one...
“How easy/difficult is it to liquidate (convert into dollars)?”
Coinbase app.
What is also happening is that other fiat currencies, most of which are buttressed by the U.S. dollar, are also losing comparative value to cryptocurrencies so that the cryptocurrencies appear to have increased in value.
There is worldwide revaluation of fiat currencies going on.
In their attempt to controls us all, the moneychangers have created a situation whereby we're on the verge of destroying centuries of human advancement.
If we can keep the internet up, which depends upon the availability of electrical power in some form or other, cryptocurrencies may prove to be a godsend in keeping goods and services flowing.
Look at what's happening in Turkey this week for a glimpse of what we may be facing soon.
If you've ever thought of planting a garden, this spring might be the time to do so. Certainly, fill the pantry with long-term foods and keep it full.
I am waiting to see what DOT does today. Bought some Cardano yesterday though.
Riri - do you want to join us on the Crypto Ping List?
“I was on the verge of buying Bitcoin over 5 years ago.”
When BTC was at $40 I decided to look into putting 1k into it. At the time it was pretty much you either had to download and store it or you were most likely setting up an account at Mt. Gox.
Seemed like a pain so I never did anything with it. Wish I could undo that decision although Gox had massive hacking problems and if I had them on my system I doubt I would have had the discipline to hodl much past a few multiples of my initial investment.
BTW, easy now days to cash in and out of many cryptos.
Yes, sure.
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