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Despite its volatility, Bitcoin (BTC) remains a more profitable investment than the shares of the largest cryptocurrencies.
Moreover, looking at the performance of the stocks of firms with BTC on their balance sheets, it is clear that holding BTC is also more profitable than buying the stock itself, at least this year.
Both Bitcoin and Ether (ETH) performed significantly better than shares of companies such as MicroStrategy (MSTR) and Coinbase (COIN), despite the success of both organizations in 2021.
These numbers highlight the differences between traditional and cryptocurrency markets, with the latter having a degree of freedom of expression that has long been absent in stocks, commodities and other assets.
Markets are looking to the future. Cryptocurrency … is not subject to anyone. This is the only free market in the world, says popular trader and analyst Pentoshi.
For retailers, the dollar value averaging strategy looks especially attractive, which assumes positions in BTC and reduces short-term volatility.
Data from the largest publicly traded mining corporations supports this claim. The share price at the time of its initial public offering is significantly lower in terms of BTC.
As of December, only pharmaceutical companies BitFarms (BITF) are showing profits.
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