Coinbase Data Shows S&P Outperformed By Bitcoin Since 2013

The latest Coinbase data shows that the S&P 500 is outperformed by Bitcoin since 2013. The latest reports by the crypto-exchange and wallet Service show that the major cryptocurrency is still managing to do so to the most popular stock indexes as we are reading further in the cryptocurrency news below.

The Coinbase data shows:

“While Bitcoin’s price fluctuates, it’s trending up and to the right following many bull runs. This year, Bitcoin has also outperformed world stock market indexes.”

Coinbase pointed out that bitcoin generated more than 132% return for 2019 while Nasdaq only made up to 17 percent. S&P 500 got a 12% return and the FTSE Europe 11%. In a national survey of more than 4,000 people that Coinbase conducted, most of the investors were strongly convinced that the cryptocurrencies such as Bitcoin will have a much higher return rate than exchange-traded funds and index funds as well.

The Coinbase data shows that about 27 million Americans have been using the world’s biggest cryptocurrency this year which equals to about 9 percent of the US population, showing us that Bitcoin’s adoption is still in infancy but that with enough time it will flourish:

“Email was invented in 1972, but it took until 1997 to adopt, surpassing 10 million people. The television set was invented in 1927, but by the late 1940s only 2% of American families had one.”

The CEO of Coinbase Brian Armstrong recalled on his discovery of Bitcoin in 2010 and said that he immediately understood how this currency can be among the most significant inventions since the internet. He said:

 “Back in 2010 I read the Bitcoin white paper for the first time – perusing Hacker News one day. It immediately captured my attention. I felt like it could be the most significant idea I’d encountered since the internet.”

Back in February of 2019, Morgan Creek co-founder Anthony Pompliano explained that holding 99 percent cash and 1 percent bitcoin in the past ten years, was a much better investment than investing in the greatest stock market bull run in the history. He still claims that ‘’crypto will outperform stocks for the next 10 years too.’’ He is among the most notable Bitcoin advocates and supporters in the industry.