If it’s “crypto,” buying BTC and ETH directly is better than big-name stocks this year.
Market news
Bitcoin (BTC) may have been volatile in price this year, but BTC is still a better game than the biggest crypto stocks.
New data currently floating around shows that with all the growth in the Bitcoin industry, it’s still worth just buying and holding.
When you look at the stock performance of the companies with the largest BTC allotments on their balance sheets, it’s immediately clear that holding BTC is more profitable than those stocks – at least this year.
“Buying crypto stocks to outperform coins is difficult,” said Zhu Su., CEO of 3 Arrows Capital commented along with comparative performance data from Bloomberg.
Both Bitcoin and Ether (ETH) have outperformed stocks in companies like MicroStrategy (MSTR) and Coinbase (COIN), which outperformed stocks despite both doing well in 2021.
The numbers illustrate the difference between the traditional market and the crypto market, a crypto market that has long been lacking freedom of expression on stocks, commodities and other assets.
“The market is looking to the future. Crypto is even more so because it is not under anyone’s control. It’s the only free market in the world, ”said renowned analyst and trader Pentoshi. notice on the first day of this month.
For retail institutions in particular, the dollar cost averaging strategy includes allocation in BTC in order to minimize short-term volatility and thereby look all the more attractive.
Further data from the largest listed mining consortium donate Trend.
Related: Bitcoin Approaching $ 50,000 – Here’s the BTC price you should see next
Compared to the starting point and even the stock price at the time of going public, most of them are significantly lower in BTC considerations.
Only BitFarms (BITF) is currently profitable since December.
However, progress among US mining industry participants has accelerated, and listing deals continue to flow in, as Cointelegraph reported.
Texas, which is aiming to become a mining Mecca, could increase its electricity needs many times over in the next year.
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