Bitcoin is making its rounds in the news again lately, off new highs last hit over a year ago. That development isn’t nearly as interesting / astounding as what took place in 2017 however:
I adjusted this Bitcoin chart by dividing its price by the S&P 500, to benchmark it against the general gains in the market. When you do that, you still see a recent rally but it’s rather linear (though still outperforming stocks). So, while it’s true that Bitcoin is doing well, is that really a surprise when stocks (and basically every other investment category) have been doing good as well?
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Economic uncertainty continues its downtrend, despite ongoing stimulus negotiations
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