Bitcoin
$10,706.91 3.73%
BTC · 13w

Bitcoin Outperforms Nasdaq 100, S&P 500, Grows Whopping 37% in 2019

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: "CCN+Hacked". Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: "CCN+Hacked". Sign up here.

Since January 1, according to OnChainFX, the bitcoin price is up 37 percent year-to-date against the U.S. dollar, outperforming most indices including the S&P 500 and the Nasdaq 100.

2019 Returns…Oil $USO: +38%Bitcoin $BTC: +35%Nasdaq 100 $QQQ: +21%REITs $VNQ: +19%MLPs $AMLP: +18%Small Caps $IWM: +18%S&P 500 $SPY: +17%EM $EEM: +14%EAFE $EFA: +13%Commodities $DBC: +13%High Yield $HYG: +9%Investment Grade $LQD: +6%Bonds $AGG: +2%Gold $GLD: +0.5% — Charlie Bilello (@charliebilello) April 13, 2019

Despite its 80 percent drop from its all-time high in 2018, bitcoin has performed strongly in recent months, demonstrating newly gained momentum.

In early 2017, bitcoin was valued at less than $1,000. Since 2017, bitcoin is up around 400 percent in about two and a half years.

Does Bitcoin Make a Good Alternative Investment?

Last month, in a column entitled “The case for a small allocation to bitcoin,” Xapo CEO Wences Casares said that a $10 million portfolio should invest up to 1 percent in bitcoin, about $100,000 because it has a chance to bring a large return over the long run.

Casares said:

I suggest that a $10 million portfolio should invest at most $100,000 in Bitcoin (up to 1% but not more as the risk of losing this investment is high). If Bitcoin fails, this portfolio will lose at most $100,000 or 1% of its value over 3 to 5 years, which most portfolios can bear. But if Bitcoin succeeds, in 7 to 10 years those $100,000 may be worth more than $25 million, more than twice the value of the entire initial portfolio.

Although the performance of bitcoin through...

Continue on ccn.com
Recent news
BTC +3.73% · cryptomaniaks.com · 20h

Tom Lee: Trump to take Bitcoin past $40k

So will people in crypto be winning? According to Mr. Lee...yes...to the tune of $20,000  to $40,000 by the end of 2019. He argues that all this press about BTC...both good and bad...will generate FOM...