2 days ago · Jeffrey Gundlach Discusses Stock Market Outlook, Gold and Bitcoin. I think the U.S. is going to be the worst-performing market, actually, and that’ll have a lot to do with the dollar. Feb 06, · The Stock Market Is a Lot Like Bitcoin. No, Mr. President, the markets' ups and downs have nothing to do with you. By. Leonid Bershidsky. February 6, , AM EST In a sense, thanks to the algorithmic shift, the stock market has become more like the one in bitcoin, also driven largely by algorithmic trading. It’s not that the assets in such markets don’t.
The stock market is a lot like bitcoinThe stock market is a lot like bitcoin now
In this sense, BSV is a fork of a fork of the original Bitcoin network. A planned network upgrade for November of resulted in a protracted debate between mining and developing factions in the BCH community, leading to a hard fork and the creation of BSV. Developers of Bitcoin SV suggest that this cryptocurrency restores Bitcoin developer Satoshi Nakamoto's original protocol, while also allowing for new developments to increase stability and to allow for scalability.
Bitcoin SV developers also prioritize security and fast transaction processing times. Founded in , Binance has quickly risen to become the largest exchange of its kind globally in terms of overall trading volume. The Binance Coin token allows Binance users to trade in dozens of different cryptocurrencies efficiently on the Binance platform.
BNB is used to facilitate transaction fees on the exchange and can also be used to pay for certain goods and services, including travel fees and more. Ethereum LinkedIn. Securities and Exchange Commission. Accessed Oct. XRP Ledger. Facebook, Inc.
Bitcoin SV. Your Money. Personal Finance. Your Practice. Popular Courses. Part Of. Bitcoin Basics. Bitcoin Mining. How to Store Bitcoin. Bitcoin Exchanges. Bitcoin Advantages and Disadvantages. Bitcoin vs. Other Cryptocurrencies.
Bitcoin Value and Price. Bitcoin continues to lead the pack of cryptocurrencies, in terms of market capitalization, user base, and popularity. Virtual currencies such as Ethereum and XRP, which are being used more for enterprise solutions, have also become popular. Article Sources. Investopedia requires writers to use primary sources to support their work.
There are a number of reasons for bitcoin's ascent in For example, bitcoin's block rewards -- i. Historically, bitcoin has run up substantially prior to a halving event. Bitcoin has also benefited as a safe-haven investment in the wake of the coronavirus recession. With cash use discouraged due to possible virus transmission, a strong case has been made for digital payments to replace cash. Also, don't forget that bitcoin acts as the bridge currency that investors often have to purchase if they choose to invest in other less-common cryptocurrencies those not named Ethereum or Ripple.
This creates a steady level of demand and ownership for what's perceived to be a limited token. But if you ask me, there are much better ways to invest your money than by purchasing bitcoin.
The issue with the most popular cryptocurrency is twofold. First, there's a scarcity-versus-utility problem. Since a substantive percentage of outstanding tokens are held by investors who have no intention of using their coins to make purchases, the utility of bitcoin as a purveyor of digital transactions is quite low. Since programming is all that keeps bitcoin's token limit at 21 million, this could be overridden in the future.
Thus, bitcoin either has limited utility or scarcity -- not both. The other issue I have with bitcoin is that fiat currencies are being tested in conjunction with blockchain. The real value in crypto technology is in the underlying blockchain, not the token itself. Since buying into bitcoin gives folks no ownership of the blockchain, investors are, arguably, buying into the wrong asset.
Instead of buying bitcoin, here are three considerably smarter stocks to buy with your hard-earned money. Square's longest-running operating segment, and the one most folks are going to be familiar with, is its seller ecosystem. Square has been supplying point-of-sale devices and analytics to small businesses for the past eight years. However, the long-term growth driver for Square is peer-to-peer digital payment platform Cash App.
Take the time to do your research and consider your risk tolerance before deciding if Bitcoin or stocks are the better investment for your portfolio. Federal Reserve Bank of St. Library of Congress. Securities and Exchange Commission. Guide to Bitcoin. How Bitcoin Works. Investing in Bitcoin. How to Mine Bitcoin. Other Cryptocurrencies. Full Bio Follow Linkedin. Follow Twitter. Miranda Marquit has been writing about money for The Balance since Read The Balance's editorial policies.
Reviewed by. Peggy James is a CPA with 8 years of experience in corporate accounting and finance who currently works at a private university, and prior to her accounting career, she spent 18 years in newspaper advertising.