S&P 500 Analysts Predict Slow Growth In 2020, Will Investors Turn To Bitcoin Before BTC Halving?

Bitcoin is slowly gaining the confidence of traditional Wall Street and institutional investors given the increased demand for Bitcoin derivative and future products.

Most of the institutional investors use Bitcoin as a diversification asset which helps them consolidate theirs losses made on other stocks or bonds.

The US Stock market is predicted to perform slower in 2020 given their phenomenal uprise throughout 2019. Trade pundits believe even the most profitable stocks in 2019 would return a single-digit profit on the investment. S&P 500, one of the most lucrative forms of investment reports an almost 25% return in 2019.

However, as we near the end of the year these stocks have gone back to the levels of early 2019. Many analysts have predicted that looking at the key economic indicates an inevitable slowdown.  Francois Trahan, strategist at UBS said,

“There is NO debate on S&P 500 forward earnings: a contraction appears imminent,”

Bitcoin still outperformed the most profitable stocks by a large stretch

With a financial slowdown in the cards and growing trust in the digital ecosystem, Bitcoin could prove to be the perfect alternative to hedge one's money. Bitcoin started the year just above $3,441 and currently moving at around $7,290 which is more than 100%. Not only that, Bitcoin is currently struggling to build a bullish momentum as it has touched the highest price point of over $13k.

With the longest crypto behind it and the major event of the block reward halving approaches, Bitcoin is predicted to break into a massive bull run either right before the halving or right after the halving. Even with bears dominant in the market at the moment Bitcoin has managed to give a return of over 100% from the start of the year.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide