Forget Bitcoin: 3 Hypergrowth Stocks I'd Rather Buy
This has been an odd year for Wall Street and the investment community. The first quarter was nothing short of a dumpster fire, with concerns surrounding the coronavirus disease 2019 (COVID-19) pandemic pummeling equities. Comparatively, the subsequent eight months have featured a nearly unstoppable rally. When 2020 does come to a close, the benchmark S&P 500 may wind up delivering pretty normal gains (based on its long-term average) for investors.
But this hasn't been the case for cryptocurrencies like bitcoin. A shift in sentiment catapulted the largest digital token on the planet to a record high this past week, putting it within a stone's throw of eclipsing $20,000. On a year-to-date basis, bitcoin is up 161%, through Dec. 1, 2020. That's approximately a 150 percentage-point outperformance of the S&P 500.
Image source: Getty Images.
Source Fool.com
