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Bitcoin stands out as it outperforms Oil, Bonds, Gold, Nasdaq 100, and S&P 500 during bear market




Bitcoin stands out as it outperforms Oil, Bonds, Gold, Nasdaq 100, and even S&P 500, during bear market

Bitcoin was subjected to a lot of pushback since its inception, with the Federal Reserve chair Janet Yellen calling Bitcoin a “highly speculative asset”. There were institutional players who perceived Bitcoin to be nothing more than a bubble, speculating its price to eventually fall to zero. However, Bitcoin seems to be doing well for itself as it has outperformed traditional markets in 2019.

The Skeptics

Earlier, Warren Buffet had called Bitcoin “Rat poison squared” and had said that he wouldn’t invest in it. However, he changed his statement stating that the technology behind Bitcoin had the potential to be “important”. JP Morgan’s CEO Jamie Dimon called Bitcoin a “fraud” and dismissed it, however, a few months later, JP Morgan developed their own “cryptocurrency” called JPM Coin, which received a lot of criticism from the crypto-community.

The price of Bitcoin fell by approximately 80% since its all-time high in 2017, and has been in a bear market ever since. The prices reached the lowest in two years at the end of December 2018. Since the beginning of 2019, Bitcoin’s price has grown by 47%.

When this is compared to other assets in the traditional market, like the S&P500, Gold, Oil, Small Caps, and Bonds, among others, Bitcoin has managed to outperform them, even after being in a bearish market throughout.

A Twitter user @Charliebilello tweeted:

After Warren Buffet’s initial comments on Bitcoin, a few people in the crypto community, especially Anthony Pompliano, put out an open bet for Buffet or anybody else. They bet $1 million that Bitcoin would outperform the S&P 500 over the next 10 years. However, the bet wasn’t taken up by anybody from the other side [traditional markets].

Considering the rise of Bitcoin during its bull run, which caused it to outperform the above-mentioned traditional assets, it seems that Bitcoin, although a speculative asset with massive volatility, has come to stay. Moreover, Bakkt is being developed after institutions faced “FOMO” while awaiting Bitcoin’s next bull run.

A  Twitter user @LongPennyStocks commented:

“It woukd be nice if you started posting #PotStocks #Marijuana stocks performance as well. I believe they have earned the right by now to be recognized as a stand-alone category. Depending if you consider 🇨🇦 or just 🇺🇸 plays, ROI to date is in excess of 50%”

@Salt_Water_Croc, another Twitter user, commented:

“we see $btc price target of $250k by 2022 based on past performances…if that holds true then then this cant be ridiculed as well…there is no present and future without past.”

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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.


TD Ameritrade invests in crypto-trading platform Eris-X, to offer spot exchanges and future contracts

Biraajmaan Tamuly



TD Ameritrade invests in Eris-X; crypto trading platform to offer spot exchanges and future contracts
Source: Pixabay

TD Ameritrade, one of the biggest companies in the United States offering an electronic trading platform for trading financial assets, recently announced that it was going to launch cryptocurrency trading on its parent platform.

Now, according to an official announcement, the organization revealed that they had made an investment in ErisX, a company which is planning to offer both cryptocurrency spot contracts and future contracts in a single exchange.

The website stated,

“TD Ameritrade will be working with the team at ErisX as they develop and launch their cryptocurrency trading products. This strategic investment is yet another way to demonstrate our ongoing commitment to innovation—and bring our clients a best-in-class investing and trading experience.”

TD Ameritrade had announced the addition of cryptocurrencies to its portfolio last month after Charlie Lee, the CEO of Litecoin, tweeted about tests conducted on its platform.

Bitcoin Futures contract trading was initiated on the official platform earlier, but was only open to high-volume traders. On TD Ameritrade’s platform, the minimum deposit required for trading BTC future contracts was $25,000, at press time. The potential traders also needed two advisory notes from CFTC and NFA to keep in check the risk associated with virtual assets.

Eris-X, a CFTC-regulated derivatives exchange, will now be open to retail crypto-traders and according to the official statement, the firm has plans to offer both spot exchanges and futures contracts based on the digital currencies.

The official statement mentioned,

“This strategic investment is yet another way to demonstrate our ongoing commitment to innovation—and bring our clients a best-in-class investing and trading experience.”

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