BITCOIN BEATS ,STOCKS,BONDS AND GOLD

in #btc7 years ago

Bitcoin has left stocks, bonds, and gold in the dust in the first half of 2017.

The Bitcoin Investment Trust Shares have soared 220.59%, while the S&P 500 and SPDR Gold shares rose in upper single digits; and all three investments outperformed the iShares 20+ Year Treasury Bond, which gained a modest 6.13 percent.

Stocks, Bonds, And Bitcoin In The First Half Of 2017

FundYTD PerformanceSPDR Gold Shares (GLD)+7.68%Bitcoin Investment Trust Shares (GBTC)+220.59SPDR S&P500 (SPY)+8.17iShares 20+ Year Treasury Bond (TLT)+6.13

Source: Finance.yahoo.com 6/30/2017

(AP Photo/Kin Cheung, File)

Stocks, Bonds, And Bitcoin In 2016

FundYTD PerformanceSPDR Gold Shares (GLD)8.53%Bitcoin Investment Trust Shares (GBTC)+153.09SPDR S&P500 (SPY)+9.77iShares 20+ Year Treasury Bond (TLT)-1.48

Source: Finance.yahoo.com 12/29/2016

A growing divide among investors regarding the state and the outlook of the US economy and the Federal Reserve’s unconventional monetary policies is a major factor behind the Bitcoin rally.

Then, there’s the return of the old fiscal easing and huge budget deficits that feed into inflation, which undermines faith in national currencies.
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And the shaking up of the public’s confidence are attempts by certain national governments have been trying to manipulate their own currencies, particularly India and Venezuela.⁠⁠⁠⁠