Bitcoin [BTC] performed better than crude oil and tech stocks in 2019, claims Binance Research

2019-5-7 11:30

Bitcoin [BTC], the world’s largest cryptocurrency, has had an exciting new year as a rise in its prices proved its naysayers and critics wrong. The latest report compiled by Binance Research gave more evidence to support this fact, with numbers suggesting that Bitcoin has outperformed most traditional asset classes in 2019.

BTC’s Year-to-Date [YTD] returns were compared to that of crude oil, tech stocks, United States’ real estate market and other commodities like global stocks and natural resources. Statistics showed that Bitcoin’s YTD was 53 percent, when compared to crude oil’s 33 percent and the 24 percent generated by tech stocks. The research further stated that assets like gold and agriculture generated a negative YTD of 1 percent and 5 percent, respectively.

Bitcoin generating more YTD than gold was a key highlight because of the conflict between gold as a standard store of value and Bitcoin’s claim to that title. This competition was also highlighted by a report presented by the World Gold Council [WGC] recently, where it stated,

“Physical gold can be bought for a small percentage above spot price, and purchasing gold via allocated, physically-backed gold ETFs can cost less than a basis point over spot  As an example, Bitcoin charges many percentage points (we’ve seen as high as 9% on some exchanges) via the process of the bid/ask spreads and entering and exiting positions.”

Binance’s research was conducted to prove that the bear market that had taken hold of the cryptocurrency market last year, had not had any long-lasting effects on the world’s largest cryptocurrency. Many users queried whether the charts would retain the same look if the parameters were risk adjusted. However, Binance Research was yet to respond, at press time.

Despite positive developments in the Bitcoin universe, many critics remain adamant in their opinion that Bitcoin has no place in the world of finance. This was elucidated by Nobel Prize winner, Joseph Stiglitz, who stated,

“It disturbs me a great deal the attention that was given to cryptocurrencies because those were moving things off of a transparent platform into a dark platform.”

The post Bitcoin [BTC] performed better than crude oil and tech stocks in 2019, claims Binance Research appeared first on AMBCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 66224.29 (-0.21%)
Объем 24H $18.68b
Изменеия 24h: -1.15 %, 7d: 7.90 %
Cегодня L: $66040.38 - H: $67668.16
Капитализация $1304.655b Rank 1
Цена в час новости $ 5953.1 (1012.43%)

bitcoin btc 2019 binance research claims performed

Источник: ambcrypto.com

bitcoin btc → Результатов: 126


Фото:

Bitcoin Whales Continue Buying, Now Hold 25.16% Of All Supply

On-chain data shows that the Bitcoin whales’ holdings have grown to 25. 16% of the entire supply, and their net accumulation has continued recently. Bitcoin Investors With 1,000 To 10,000 BTC Have Continued To Buy Recently According to data from the on-chain analytics firm Santiment, the BTC whales have accumulated more than 266,000 BTC since the start of the year.

2024-4-25 06:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum's transaction size falls 54%: Why it's not bad news for ETH

ETH could be close to its bottom after the transaction size failed to spike. While the price might slip, traders are convinced of a quick recovery. On the 19th of May, AMBCrypto observed thaThe post Ethereum's transaction size falls 54%: Why it's not bad news for ETH appeared first on AMBCrypto.

Whale watch: $1B in Toncoin trades shake the market, tracking what's next

Toncoin has seen a surge in whale activity on its network. TON, however, is at risk of a price decline. Toncoin [TON] has witnessed a spike in whale activity on its network in the past few wThe post Whale watch: $1B in Toncoin trades shake the market, tracking what's next appeared first on AMBCrypto.

Predicting how ETH will react IF the SEC approves Ethereum ETFs

Coinbase analyst sees a 30-40% chance of approval for Ethereum ETFs. Ethereum's dominance and performance are at a low, suggesting a need for positive development soon. It is generally belieThe post Predicting how ETH will react IF the SEC approves Ethereum ETFs appeared first on AMBCrypto.

Ethereum sets sights on $4K: Will THIS spark a new rally for ETH?

ETH was up by more than 6% over the last seven days.  A few of the metrics suggested that the bullish momentum might not last.  Ethereum [ETH] caught investors off guard as its price gaineThe post Ethereum sets sights on $4K: Will THIS spark a new rally for ETH? appeared first on AMBCrypto.

Ethereum ETFs progress, but Solana may turn things bearish instead - How?

New data indicated that the likelihood of approval of Ethereum ETFs was relatively high. Ethereum lost market share to Solana, however, the price of ETH continued to surge. Ethereum [ETH] haThe post Ethereum ETFs progress, but Solana may turn things bearish instead - How? appeared first on AMBCrypto.

Fantom Sonic: Will Ethereum integration help FTM's price?

Fantom disclosed that Ethereum would enable the token migration. While FTM's price increased, reaching $1 could be challenging in the short term. Layer-1 blockchain Fantom [FTM] has discloseThe post Fantom Sonic: Will Ethereum integration help FTM's price? appeared first on AMBCrypto.

Avalanche [AVAX] jumps 7% ahead of token unlock: Is $43.50 coming?

Volatility around the token may be low, considering it has previously released 60% of its supply. AVAX might hit $43.50 if the volume continues to back the price action. The price of AvalancThe post Avalanche [AVAX] jumps 7% ahead of token unlock: Is $43.50 coming? appeared first on AMBCrypto.