RATE Group | Coinbase Data Shows That Bitcoin Has Outperformed S&P 500 Since 2013
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Coinbase Data Shows That Bitcoin Has Outperformed S&P 500 Since 2013

01 Nov Coinbase Data Shows That Bitcoin Has Outperformed S&P 500 Since 2013

Posted at 23:27h in Bitcoin News by

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According to a new report by United States-based cryptocurrency exchange and wallet service Coinbase, Bitcoin (BTC) continues to outperform the world’s most popular stock indexes.

Coinbase published its latest report on the day that the Bitcoin whitepaper turned 11 years old, claiming that BTC has outperformed tech stocks and the S&P 500 since 2013, saying:

“While Bitcoin’s price fluctuates, it’s trending up and to the right following many bull runs. This year, Bitcoin has also outperformed world stock market indexes.”

Bitcoin generated 132% return this year alone

Coinbase points out that Bitcoin generated an impressive 132% return this year alone, while in comparison, the Nasdaq 100 only generated 17%, the S&P 500 12%, the FTSE Europe 100 11%, while the FTSE ASEAN 40 had to swallow a loss of 3%.

In a national survey of 4,415 people that Coinbase conducted with Qriously, most investors were seemingly convinced that cryptocurrencies such as Bitcoin will have a higher return…

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