What stock market is bitcoin on
Sep 22, · If the stock market crashes, bitcoin is extremely likely to tank for a few weeks, but it won’t break crypto. If you sell your BTC and it doesn’t fall and suddenly jumps $2, you will be Author: Clem Chambers. Oct 17, · Stock Market Basics. Stock Market Types of Stocks the second-largest cryptocurrency by market cap). Today, bitcoin serves as the intermediary asset on . Oct 14, · Amid the chaos of , it's not just tech stocks that have been a pleasant surprise. The most popular and valuable cryptocurrency on the planet, bitcoin, ended .
What stock market is bitcoin on10 Reasons Bitcoin Is a Terrible Investment | The Motley Fool
Finally, there's the Cash App, which offers so much more than bitcoin. The app provides person-to-person payments, the ability to buy and sell stocks, and debit cards. Cash App's user base has quadrupled over the past three years. More than 30 million people actively use the platform, which is still in the relatively early stages of monetization. In a nutshell, Square's growth story has been impressive so far, but it could still have more room to grow. That's true with or without bitcoin.
In the corporate world, there are few people who believe in the long-term potential of bitcoin more than Square CEO Jack Dorsey. There's no denying that Square's non-crypto business growth is extremely impressive, to say the least. If you believe in the long-term potential of bitcoin as an asset, but don't necessarily want your investment results to be only dependent on bitcoin, Square could be a smart way to go.
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Retired: What Now? Personal Finance. Credit Cards. About Us. Who Is the Motley Fool? Fool Podcasts. So far, the cryptocurrency market has met the challenge, but can bitcoin prices keep soaring? Despite widespread cynicism about crypto tokens, many prominent investors think the answer to that question is yes. For much of Friday's session, the stock market held its own nicely. But toward the end of the day, major market benchmarks gave up ground. Even as the stock market fell, bitcoin continued its amazing ascent.
Already, bitcoin has eclipsed some of its old records. Because of the amount of cryptocurrency mined in the past three years, the total market capitalization of available bitcoin has never been higher.
Some of those gains have come as institutions have poured into the market. Institutional investors are putting plenty of money into cryptocurrencies. With all the uncertainty surrounding the election, the economy, and the pandemic, bitcoin's move to challenge its old record highs was as easy as it would ever be. In fact, if bitcoin hadn't made this move, it essentially would have shown investors that the cryptocurrency wasn't suitable for the purposes for which most investors held it.
Now, though, the big question is what happens next. Just like the stock market is volatile, bitcoin investors should expect big ups and downs in the future. Yet investors looking for an alternative to the stock market might not get everything they need from investing in bitcoin. Although some new bitcoin lending services offer interest on bitcoin holdings, cryptocurrencies held in traditional wallets don't generate income.
Those looking for growth must rely on price appreciation. And while the long-term trend has been up, there have been long periods when selling bitcoin for cash would've been a painful move. Investing in stocks is still a great way to generate wealth over the long run, even when there's a lot of uncertainty. After more than a decade of naysayers predicting bitcoin wouldn't amount to anything, cryptocurrency bulls have had the last laugh. It's definitely not something you should bet your entire life savings on, but bitcoin and other cryptocurrencies are likely here to stay -- no matter what happens to their prices in the coming weeks and months.
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