More

    Stock Market Needs to Step It Up If It Wants to Keep Up with the Bitcoin-Charged Crypto Market

    The stock market is constantly changing, but it has not seen as much upswing in their values. Bitcoin, on the other hand, has passed 100% in its own values. What is the best way for someone to improve their investment portfolio right now?

    • Bitcoin has seen an increase of 111% from April 2019 to May 2019.
    • The stock market has only increased by 12% during the same time.

    Anthony Pompliano, a well-known proponent of cryptocurrency and the CEO of Morgan Creek Digital, decided to bring attention to the price of Bitcoin, which saw a price of $8,553.33 on Friday. Overall, in 2019, the token has experienced 111% growth, while stocks are only at about 12% growth in the same period. Pompliano added that stocks need to “get in the game.”

    From April to May, Bitcoin managed to add a total of over $2,000 to the market price, which follows a prediction of eToro’s Mati Greenspan.

    Tim Draper, a venture capitalist that has become a billionaire through his endeavors, spoke with CNBC, discussing how the ways that investors truly feel about companies like Uber, which have recently gone public. Brands that have already established themselves that decide to ultimately go public won’t be seeing big growth in their own prices, adding that they will most likely see 10% to 20% in price growth.

    None of the Bitcoin proponents believe that this top-ranking cryptocurrency is going to experience the same price fatigue. At this point, even though there have been a few downward trends, they have been short, and Bitcoin has been able to stay around the $8,000 at almost all times.

    Mark Yusko, who works with Morgan Creek Capital Management as a managing director, spoke with CNBC as well, saying that Bitcoin is a great tool for diversifying someone’s investment portfolio. In fact, there are many commentators in the investment world that say a balanced investment portfolio needs to include at least 1% Bitcoin.

    During the segment, Yusko had much of the same perspective as Pompliano, adding that an investment with Bitcoin would be much better than one with stocks. This is not any change to how Yusko has previously felt, considering he said that this asset is the greatest wealth opportunity to come around in our time when he referenced Bitcoin earlier this year.

    Considering the market decline ahead, holding Bitcoin would be a wise choice for anyone’s investment portfolio, even at much more than 1%. Yusko claimed that the fact that interest rates may soon be lowered by the Federal Reserve, the economy must be experiencing a weakness right now. There are also indications that similar paths will be followed by Central Banks in the eastern hemisphere soon.

    Bitcoin is presently trading at $8,680.71, seeing a 7.79% increase in the last 24 hours.

    Get Free Email Updates!

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

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Avatar
    Krystle M
    Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,351FansLike
    2,770FollowersFollow
    4,133FollowersFollow

    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Bitwise Plans To Target Retail Investors With Its Crypto Index Fund

    Bitwise has revealed that plans are underway to allow the retail market to participate in its large-cap index service. According to CoinDesk, Bitwise is working...

    Binance's Educational Platform Opens Up Government Approved Office in Shanghai

    Binance, one of the most popular crypto exchanges in the crypto-verse which also has many subsidiaries including Binance Academy (a blockchain and crypto-centred educational...

    XRP Trying to Retrace Months of Underperformance But Remains in a “Corrective” Structure

    XRP is up 12.5% but could still jump another 23%, A clean break above $0.21 would be “very bullish” Ripple granted an exemption...

    23k BTC on CME Futures and 50k BTC in Options Expiring Today

    Bitcoin is currently down 0.05% in the past 24 hours trading around $6,640 after hitting $6,872 last night, yet again rejected at $7,000 level....

    Microsoft Files Patent To Mine Cryptocurrencies With Verified Body Activity Data

    Giant software manufacturer, Microsoft is seeking to capitalize on the new crypto hype. The firm is seeking to introduce its own cryptocurrency that will...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.