This article was originally posted on FX Empire More From FXEMPIRE:Įthereum Worth over $1. As reported earlier, as of 13 February 2022, Bitcoin had outperformed the top six tech stocks by an average return on investment (ROI) of 12.24%. Apple ran their famous 1984 About Oxt Price Crypto Prediction. While with BTC’s market maturing the top coin’s trajectory could match tech stocks and traditional assets, up until now BTC has continued to outperform them. With Live quotes, stock charts and expert trading ideas, you can use TradingView every. That said, industry experts like Nic Carter, a partner at Castle Island Ventures, are of the opinion that Bitcoin’s performance may be heavily correlated with risk assets like long-term tech stocks, according to an industry expert. The benchmark S&P 500 Index and tech-heavy Nasdaq have both seen close to a 2% decline over the last day while BTC was back near the $40K mark.įurthermore, a lot of skepticism has stemmed from the fact that an aggressive central bank tightening cycle going forward could hamstring risky assets. The recent BTC volatility has come amid a broader market selloff driven by investors recalibrating their portfolios to account for a more aggressive Fed policy amid surging inflation. If the growth in valuation is an exponent of the growth in sales (per Metcalfe’s Law), then price should increase as an exponent of both metrics.” BTC vs Tech Stocks This is roughly in line with the 640,633x realized price gain.
If we apply Metcalfe’s Law and calculate the square of 867, we get 751,111. “Bitcoin’s valuation has increased 867x since 2011, while its price has increased 640,633x.
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