Bitcoin's 124% 10-Year Annualized Return Tops S&P 500 and Gold, Best Asset of the Decade
April 24, 2024 (Investorideas.com Newswire) According to Stocklytics.com, Bitcoin stands tall, boasting an astonishing 124% annualized return, far surpassing traditional assets.
Stocklytics financial analyst Edith Reads commented on the data:
Bitcoin's utility as a hedge against inflation and economic uncertainty has become increasingly apparent in recent years. With central banks around the world engaging in unprecedented monetary stimulus measures, concerns about currency debasement and inflation have driven investors to seek refuge in alternative assets like Bitcoin.
By comparison, the S&P 500, a benchmark index comprising the 500 largest publicly traded companies in the United States, posted an annualized return of approximately 13% over the same period.
So far in 2024 (YTD), the Gold spot price index has returned an average of 1.36%.
Positive sentiments have been rising in anticipation of the halving event in 2024, which occurred on April 20th. Halving is the process where the reward for mining a Bitcoin is halved, which means that miners are awarded 50% lower rewards for verifying transactions. In turn, this reduces the rate of money supply growth, which may cause prices to rise if demand remains elevated.
The full story and statistics can be found here: Bitcoin's 124% 10-Year Annualized Return Tops S&P 500 and Gold, Best Asset of the Decade
More Info:
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
