Bitcoin has left stocks, bonds, and gold in the dust in the first half of 2017.
The Bitcoin Investment Trust Shares have soared 220.59%, while the S&P 500 and SPDR Gold shares rose in upper single digits; and all three investments outperformed the iShares 20+ Year Treasury Bond, which gained a modest 6.13 percent.
Stocks, Bonds, And Bitcoin In The First Half Of 2017:
Fund/YTD Performance
SPDR Gold Shares (GLD) +7.68%
Bitcoin Investment Trust Shares (GBTC) +220.59
SPDR S&P500 (SPY) +8.17
iShares 20+ Year Treasury Bond (TLT) +6.13
Stocks, Bonds, And Bitcoin In 2016:
Fund/YTD Performance
SPDR Gold Shares (GLD) +8.53%
Bitcoin Investment Trust Shares (GBTC) +153.09
SPDR S&P500 (SPY) +9.77
iShares 20+ Year Treasury Bond (TLT) -1.48
A growing divide among investors regarding the state and the outlook of the US economy and the Federal Reserve’s unconventional monetary policies is a major factor behind the Bitcoin rally.
Then, there’s the return of the old fiscal easing and huge budget deficits that feed into inflation, which undermines faith in national currencies.
And the shaking up of the public’s confidence are attempts by certain national governments have been trying to manipulate their own currencies, particularly India and Venezuela.
Thanks i think the comparison would be more fair if we put in volatility in there because difficult investors would have their own appetite. For safer investment i will still put in bond but i see no reason why we still need equity, the upside of crypto is so much higher.
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Yeah, Bonds are very much safer and reliable(until the country goes in the dumps) than crypto and others. I'm simply saying that returns or greater for bitcoin, and that's the primary goal in investing for most, right?
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Thank you for the prompt reply. As per a portfolio management i will still invest some into bond just ensure my portfolio wont up and down 10% everyday :). But you have a point as i really dont see there is reason to invest in equity because i feel crytocurrency could well be a subsitute to replace equity as an asset class.
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True haha, like today in the markets. And it's interesting if equity was to be replaced by crypto, it would be interesting to see how investors would react over time.
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great to hear! bitcoin over those trust fund shares too lol
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