Buy, Sell, or Hold: Bitcoin Will Beat Stocks in 2021
Bitcoin is about as divisive an investment as anything out there. On one hand, its proponents say it's the future of currency, set to break the hold that governments have over money. Its detractors, on the other hand, argue that it's not really worth anything, since its wild volatility and owners' proclivity to hoard it make it essentially useless as money. Ironically, both groups use the recent surge in its value to support their arguments. Over the past year, bitcoin has gained over 338% in value, while the Grayscale Bitcoin Trust (OTC: GBTC), a way to gain exposure to bitcoin without actually dealing with the challenges of physically owning it, is up more than 300%.
On the Dec. 21 edition of "The Wrap" on Motley Fool Live, host Jason Hall asked Motley Fool contributors Lou Whiteman and Brian Feroldi to weigh in on bitcoin. Will the biggest and most popular cryptocurrency once again prove a better investment than stocks in 2021? Check out the video below for their predictions, and more importantly, their insight into bitcoin, including the bull and bear cases for cryptocurrencies going forward.
Source Fool.com
