We can even see that bitcoin has outperformed the S&P 500 and even gold over the course of the year. So far in the month of June bitcoin has only yield a 5.6% return compared to the S&P 500 4.6% return within the last 3 months. I’m still firm believer that gold is the best hedge to the dollar. Though many recents articles may suggest otherwise- bitcoin would be the best hedge. I’m still testing that theory myself.
Last week, I yield portfolio yield a 13% return after the release of increased Defiance investor in the crypto market.
We are even seeing that centralized banks are investing in crypto currencies due to the high volume of interest from their clients. We have even found that some of the world’s super powers are looking to implement the blockchain technology into their countries economy. These countries include, Switzerland, China, United Arab Emirates and many more. This has led me to believe that many centralized banks do hold minority stakes in various crypto’s.
Side note: Thank you all for the support, I do appreciate those who have reached out! Feel free to reach out via Twitter @JMTrotman
