This Blue-Chip Investment Bank May Be Readying to Set Up a Bitcoin Trading Operation

This Blue-Chip Investment Bank May Be Readying to Set Up a Bitcoin Trading Operation

Historically, the stock market has gained 7% per year, inclusive of dividend reinvestment. When compared to practically all other assets, such as commodities and bonds, the strategy of buying and holding high-quality stocks over the long term has yielded the best returns. Then cryptocurrencies came along and blew every other asset completely out of the water.

Since the year began, the aggregate cryptocurrency market cap has increased from roughly $17.7 billion to just shy of $150 billion as of Oct. 8, 2017. That works out to a nearly 750% return in just over nine full months. By comparison, it's taken the broad-based S&P 500 almost three decades to deliver similar returns to investors.

Image source: Getty Images.

Continue reading

Source: Fool.com