Bitcoin Price Increased 37.06% In March, Beating 97.6% Of The S&P 500
- Bitcoin outperforms 97.6% of the 500 leading publicly traded companies in the U.S.
- Since March 10th, the price of bitcoin has risen by 37.06%.
- Bitcoin outperforms the YTD returns of 488 S&P companies, including FedEx, Apple, and Amazon.
With the recent crash of Silicon Valley Bank, people are becoming increasingly worried about keeping their money in the banking system. Many of these people will be looking for alternate ways to take control of their money and ensure that they regain their feeling of power and keep their money safe.
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For many, this means entering the Cryptocurrency market.
Bitcoin Is Beating Majority Of The S&P 500
The Cryptomarket is heating up, and with Bitcoin recently surpassing $27,000 (£22,000), it’s only a matter of time before Crypto is once again the word on everyone's lips. Cryptomaniaks.com, a leading Crypto education platform, discovered that since March 10th, the price of bitcoin has risen by 37.06% from $20,376.32 to $27,929.17.
To put this into perspective, only 12 companies in the S&P 500 have achieved higher than 35% returns this year to date.
This means that not only is Bitcoin outperforming the 27.20% YTD returns of FedEx (NYSE:FDX), the 19.30% YTD returns of Apple (NASDAQ:AAPL) and the 17.80% YTD returns of Amazon (NASDAQ:AMZN); but Bitcoin is outperforming 97.6% of the 500 leading publicly traded companies in the U.S.
Before diving in or back into Cryptocurrency, new and old investors need to ensure they're making smart investments that will increase their odds of long-term success and the safety of their finances.
Cryptomaniaks.com has identified six of the most common questions every investor must answer before investing in Bitcoin or any other Cryptocurrency for maximum safety.
Continue reading Crypto Expert Answers Burning Crypto Questions
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