Bitcoin Outperforms Stock Market and Gold, But Will This Last?
In a positive news for Bitcoin users and investors, Bitcoin and Bitcoin Investment Trust (GBTC) seem to have left traditional investment instruments such as Gold, Stocks and government bonds in the dust. Bitcoin has had an upside of around 220.59% so far in 2017, tremendously higher than anything traditional investments can hope to match .
In comparison, the S&P 500 and SPDR Gold shares have only managed a single digit 6.13%. However, these returns seem realistic and stable versus the insane pumps witnessed in the crypto world. Bitcoin adoption and tax cuts in Asia-Pacific region in addition to the US Federal Reserve's monetary policies seems to have been one of the many factors leading to Bitcoin's recent rallies.
ICOs have drawn huge attention to the entire cryptocurrency sector where new projects and startups are raising millions of dollars in investment in mere seconds. Tech company stocks such are Tesla and Facebook have been unable to match Bitcoin's pace of growth in it's market cap.