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Shiba Inu Is Outperforming Bitcoin in 2024, and It's Not Even Close. But Does That Make It a Buy?

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Shiba Inu Is Outperforming Bitcoin in 2024, and It's Not Even Close. But Does That Make It a Buy?: https://g.foolcdn.com/editorial/images/778152/animals-37.jpg

The capital markets are off to a sizzling start so far in 2024. The S 500 and Nasdaq Composite have each gained approximately 11% thanks to artificial intelligence euphoria, a strong energy market, and new breakthroughs in the pharmaceutical sector.

However, investors have plenty of alternative options outside of the capital markets. In recent years, cryptocurrency has emerged as a popular choice for investors beyond stocks and bonds.

With its price up 69% so far this year, Bitcoin (CRYPTO: BTC) has handily outperformed the broader market.

Source Fool.com

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