Comparison of Bitcoin vs. stocks: price movements

Recently, Binance published an extensive study of how Bitcoin price movements have performed against the variation in the world of stocks. Since the beginning of 2020 there has been talk of a growing correlation between the two, but this time Binance gives the data.

Specifically, in this study they compared the evolution of certain traditional stock market indicators with the performance of BTC.

Before the rise of Bitcoin, the stock market had been the platform chosen by people who wanted to grow their asset portfolios. So, understandably, when Bitcoin emerged as a fast-growing replacement with comparable potential and volatility, the conversation turned to crypto-currencies.

The truth is that the Bitcoin self-contradiction is what was promised in 2009 or not, continues. This refers to the premise that in the face of a global economic crisis, Bitcoin would act as an almost 100% safe haven asset.

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Comparison between Bitcoin and NASDAQ 100 and S&P500 stocks
In this evaluation conducted by Binance, we compared Bitcoin’s performance with the NASDAQ 100 and S&P500.

The S&P500 is an index that reflects the performance of the shares of the top 500 U.S. companies. The NASDAQ 100 is an index that tracks the top 100 U.S. companies.

There they comment that if someone had invested US$ 1,000 at the beginning of 2020 they would be worth US$ 1,660, while on NASDAQ they would be worth US$ 1,265 and US$ 1,029 in the case of the S&P500. Of course, prices fluctuate from day to day, but this is just one of many cases that show the competitiveness of Bitcoin as an asset.

This comparison didn’t stop there. The Binance study also comments on the comparison of some „top tier“ stocks with Bitcoin and two other popular cryptosystems: Ethereum (ETH) and BNB.

One of Binance’s main conclusions after making this table is that only in the year 2020, crypto currencies can come face to face with some of the best blue chip stocks in the market. All this in the middle of a context as challenging as the one we are currently living with the COVID-19 pandemic.

Mike Novogratz and Dave Portnoy: Bitcoin is an excellent long-term investment

Advantages of deciding to bet on BTC according to Binance
After making this general comparison, Binance argues that investing in cryptomonies and Bitcoin Lifestyle is more accessible considering that to access them you don’t even need to buy them on the market. In this part they comment on the possibility of obtaining BTC through group mining as it is done in Binance Pool. In contrast, the only way you can get additional shares in a company is if they initiate a stock split in their holdings.

However, this isn’t the only voice that recommends investing in Bitcoin these days. Recently, Mike Novogratz and Dave Portnoy did something similar. In their case, the comparison they made was to gold.

Recently, with the rising price of Bitcoin, these estimates may be even better than the exchange and investors like the ones mentioned above.

These investors have decided to test the theory that portfolios containing Bitcoin and other crypto currencies generally outperform portfolios without crypto currencies. So far they don’t seem to regret their position.

A corrida anterior do Bitcoin bull run está prestes a retornar

Bitcoin tem experimentado o que seria melhor descrito como um dos melhores momentos do mercado depois que seu preço passou de cerca de $10.000 para um novo preço em torno da marca de $12.000.

Com o novo movimento impressionante em questão de dias, os analistas deram sua opinião sobre o futuro da moeda. De acordo com alguns deles, a corrida do touro Bitcoin Loophole está atualmente dando a eles a esperança de que a moeda esteja pronta para tocar seu valor mais alto de todos os tempos.

De acordo com um determinado comerciante, as três médias móveis cruciais estão definidas para testemunhar uma tendência ascendente no gráfico semanal.

O movimento de uma tendência média ascendente mostra que a Bitcoin tem o potencial de fazer mais

Falando da última vez que estas médias móveis chave mostraram uma tendência ascendente, o analista observou especificamente a corrida de 2012 e 2013, bem como 2016. Indo mais longe, o analista disse que se a história vai se repetir, então a corrida de touro Bitcoin se estenderá por mais de um ano.

Além disso, se a corrida de bull run acontecer, a Bitcoin seria capaz de registrar um novo recorde histórico que substituiria o anterior. Outro fator que mostra que a Bitcoin está prestes a fazer um grande surto é o termo „super tendência“, que só se mostrou verde pela primeira vez em cerca de um ano.

Os analistas dizem que o Bitcoin bull run não está completo se o preço não tocar um recorde

Apesar de Bitcoin estar seguindo o caminho certo para torná-lo grande na indústria de criptografia, os ursos ainda não estão convencidos sobre a iminente fuga.

De acordo com um alto funcionário da Euro Pacific Capital, Peter Schiff, o reinado da Bitcoin no topo da tendência de 10.000 dólares pode não durar muito. Apontando as tendências anteriores, a Bitcoin falhou em quebrar, e a cada falha vem uma queda de preço.

As duas maiores vezes em que a Bitcoin subiu acima da resistência nos anos anteriores a viu cair drasticamente, e a última vez que isso aconteceu este ano, a Bitcoin caiu 15%, disse Peter Schiff.

Outros disseram que ainda não estão convencidos de que a corrida do touro Bitcoin está aqui porque a moeda ainda não tocou um número recorde de 14.000 dólares.