Bitcoin Is Beating the S&P 500. The Unusual Reason Behind the Rally.
In This Article:
Bitcoin has been a big success story of the past month, outperforming stocks during market turmoil that hit everything from equities and bonds to the dollar and cryptocurrencies. Bitcoin and cryptos have historically tended to move in tandem with stocks but with bigger swings in either direction. What might be more of an eye-opener is the reason for the coin’s outperformance—as well as its relative stability compared with U.S. stocks.
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