Cryptos

Cryptos Have Done Much Better Than Stocks This Year and Will Likely Keep Doing So

This article compares the top 5 cryptos performance vs. stocks

Photo by Executium on Unsplash

So far this year, the top cryptos have significantly outperformed the stock market. This is true both on a year-to-date basis and also over the past year.

Moreover, analysts expect this will likely keep up. That’s true especially if inflation and related concerns eat away at the value of traditional assets.

For example, take a look at the performance of the top 5 (non-stablecoin) cryptocurrencies, Bitcoin, Ethereum, Binance Coin, Cardano, and Solana, vs. the S&P 500.

You can see this in the chart I have prepared below. This shows the performance year-to-date of Bitcoin (BTC-USD), the largest crypto vs. the S&P 500 index (GSPC):

Mark R. Hake, CFA

As you can see, Bitcoin has dramatically outperformed, although it took a major tumble in the middle of the year. In fact, its performance was essentially even with the S&P 500 at the end of June.

In fact, the outperformance is even greater if you take into account all the top 5…