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

3,471FansLike
2,795FollowersFollow
4,194FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bitcoin to Follow the Equities Market Up or Down? One-Month Correlation Spikes to an All-Time High

Yet another week of weak price movement. The world’s leading digital asset is trading at $9,072, in red with 24 hours ‘real’ volume of just...

Public Mint Launches Its Blockchain; Over 200 Banks Plan to Support Its Digital Money

vPublic Mint, a firm founded by CNET founder Halsey Minor, has announced the launching of its ‘fiat-native’ public blockchain, which enables anyone to easily...

BTC Halving Week Brings in Record Monthly New Accounts & Doubles the Revenue for BlockFi

The past two months have been incredibly dull for the price of bitcoin, but it didn’t affect the businesses in the cryptocurrency space. The...

Currencycloud Partners with Ripple to Leverage RippleNet for Efficient Cross-Border Payments

Currencycloud - one of the global payment processing giants - has become the latest member of the RippleNet family and would help ripple in...

Coinbase Custody and IOHK Partner to Provide Institutional-Grade Staking For Cardano's ADA in Q4

IOHK, the lead developer of Cardano blockchain, and Coinbase Custody, the institutional-grade custodian launched by Coinbase Inc., announced a partnership to allow users to...

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.

Start Using Crypto Today