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BTC · 8w

Bitcoin Outperforms Largely Wall Street, and Even Gold Since One Year

Wall Street’s Been in Steep Decline for the Past Year

A good way to measure performance on Wall Street is to follow the Dow Jones Industrial Average, usually abbreviated to Dow Jones, and the S&P 500.

Created in 1896, the Dow Jones is the oldest stock market index in the world. It has the disadvantage of being weighted on the value of the stocks that make it up and not on their market capitalization.

Much more recent, the S&P 500 was created in 1957. It is based on 500 large companies listed on the stock exchanges in the United States. The S&P 500 takes into account the market capitalization of the companies in the index.

The historical characteristic of the Dow Jones, and the fact that it is composed of only 30 large companies, means that it is generally replaced by the S&P 500 when measuring the performance of the U.S. economy.

Nevertheless, the Dow Jones continues to be observed because of its seniority.

At the time of writing, it is April 4, 2020. A year ago, the Dow Jones had a value of 26,384 points. At the end of the session on April 3, 2020, its value was 21,052 points. Over one year, the Dow Jones is therefore down by about 20%:

Dow Jones has been down 20% since one year

Over this one-year period, the Dow Jones reached its highest point on February 12, 2020 with a value of 29,551 points. Many thought that the 30,000 points were close, but the fall was then violent in March 2020.

The Dow Jones reached its lowest point of 18,591 points on March 23, 2020. At the same time, the Fed announced its unlimited quantitative easing plan to reassure Wall Street that it would do everything it could to save the banking system.

The result of this unprecedented monetary stimulus decided by the Fed is still very slight so far.

At the S&P 500 level, things are similar. A year ago, the index was at 2,879 points. At the end of the session on April 3, 2020, it was at 2,488 points. Over one year, the S...

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