3 Unstoppable Stocks That'll Crush Bitcoin in 2021
For many investors, much of the past year has been a roller-coaster ride. But for cryptocurrency investors in bitcoin, it's been a fun one.
Over the trailing year, through Jan. 23, bitcoin rose by a cool 280% -- a return that's nearly 17 times greater than what the benchmark S&P 500 delivered over the same period. Crypto enthusiasts continue to be enamored with the perceived scarcity of bitcoin (only 21 million tokens will be mined), its growing utility with merchants, and the game-changing potential that its blockchain offers to expedite the settlement of payments, especially overseas.
But many of these catalysts are actually fundamental flaws for bitcoin. For instance, its token count is only limited by community consensus and not anything truly tangible. What's more, only 2,300 businesses in the U.S. accept bitcoin as a form of payment, according to Fundera. That's out of 7.7 million businesses with at least one employee.
Source Fool.com
