Last month, CoinStaker revealed that despite the high volatility and the negative media coverage, bitcoin was so far, the best performing asset in 2019. At the time of writing, the article showcased that bitcoin had shown over 116% growth since the beginning of the year. Today, almost a month later, that growth is up to 132%.
A recent report by the United States-based crypto exchange Coinbase, reveals that bitcoin is also outperforming the world’s most popular stock indexes by a mile. The report however, doesn’t only focus on 2019 and shows that in reality, bitcoin has been outperforming the S&P 500 and other tech stocks back since 2013:
“Bitcoin’s price fluctuates, but it’s trending up and to the right after the many consecutive bull runs. 2019 is no exception as bitcoin has also outperformed world stock market indexes.”
If we compare bitcoin’s 132% growth for this year, we can see that it dwarfs the 17% generated by Nasdaq 100, the 12% by the S&P 500 and the 11% generated by the FTSE Europe 100.
Coinbase reveals statistics which many experts have said are only a matter of time
A national survey conducted by Coinbase with Qriously, which included 4415 investors revealed that the overwhelming majority of them were extremely confident that bitcoin will have higher returns than the exchange-traded funds and stocks from their respective companies 10 years in the future.
According to the report, 9% of the United States population have been using bitcoin in some form in the last year. This reveals that bitcoin and crypto adoption is still in its very early stages and needs time to develop:
“The e-mail was initially invented back in 1972, but mainstream adoption really began to take root back in 1997 when the 10 million mark was surpassed. The same can be said about the television as it was invented back in 1927, but around 1949, roughly 2% of the American families had one in their home.”
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