Bloomberg: Stocks and bonds have delivered higher returns than Bitcoin this quarter
Bloomberg reports that the returns on stocks and bonds this quarter have surpassed those of Bitcoin, potentially dampening the cryptocurrency hype. Global benchmarks for stocks, fixed income, and commodities have all outperformed the largest digital asset, with digital assets falling about 5% from early April to 1:15 p.m. Singapore time on Friday. Gold has also shown a clear advantage over tokens. Noelle Acheson suggests that Bitcoin miners selling off Bitcoin to cope with tougher conditions may be another reason for Bitcoin's recent lackluster performance. Miners receive Bitcoin as a reward for operating powerful computers that support digital ledgers. The reward is halved every four years, and the latest halving in April of this year has brought a more challenging environment for mining businesses.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SEC Approves Ripple’s Request to Delay $139 Million Payment Amid Appeal Speculation
Elon Musk’s Legal Troubles: SEC Demands Accountability for Missed Depositions
Ripple and BNY Mellon Partner to Revolutionize Asset Tokenization in Finance