Thursday, April 25, 2019

Bitcoin’s Mesmerizing 457% Two-Year Returns Leave the Dow in the Dust

By CCN: Bitcoin’s year-to-date returns of nearly 50% aren’t too shabby. But if you’d have invested in bitcoin two years ago, you would be sitting on a return of more than 457%. Morgan Creek Digital Co-Founder Anthony Pompliano did the back-of-the-napkin math. He proved that there’s a new sheriff in town, even in the face of the stock market’s historic bull run. While the time period includes bitcoin’s 2017 peak, it also accounts for the crypto winter, which provides some balance. All told, the bitcoin price is up by a triple-digit percentage. Meanwhile, the Dow Jones Industrial Average has delivered,

The post Bitcoin’s Mesmerizing 457% Two-Year Returns Leave the Dow in the Dust appeared first on CCN



source https://www.ccn.com/bitcoins-two-year-returns-leave-dow

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