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Both, the stock and the cryptocurrency market have outperformed after the COVID crash back in March 2020. The stock market still continues to be in a uptrend where as the cryptocurrency market seems to have already witnessed a correction phase and is now witnessing another cycle of uptrend.
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Should you invest in stocks or cryptocurrencies? Read this to find out
Both, the stock and the cryptocurrency market have outperformed after the COVID crash back in March 2020. The stock market still continues to be in a uptrend where as the cryptocurrency market seems to have already witnessed a correction phase and is now witnessing another cycle of uptrend. If you are someone who is confused as to which market is better for you then stay tuned. Buying stocks is relatively simpler and more out there when compared to buying cryptocurrencies which is why we would also be showcasing how to buy Bitcoin in Canada.
Let’s begin with a few statistics to blow your mind away Cryptocurrencies: 1. Bitcoin which is the top cryptocurrency in today’s market currently trades at $45,000. Bitcoin originated in 2008 and introduced the world to Blockchain technology. Had you invested $1 in Bitcoin at that time(priced at $0.08) you would have owned 12 Bitcoins which now would be worth a whopping $540,000, surprising isn’t it? And the best part is that all of this has happened only over the last decade. People usually take a lifetime to multiply money by such proportions.
2. Ethereum, the second-largest currency by market capitalisation in today’s market came into existence a long time after Bitcoin(2015). Let’s say at the time of inception you would have invested $10 into Ethereum(priced at $2), currently, you would have been owning 5 Ether tokens which today are priced at $3,100. Presently, you would be sitting with a whopping $15,500 by investing only $10. Stock market:For comparison’s sake, we will be taking the companies listed in the US stock market into consideration and would be giving an example of a few stocks like Tesla, and Apple.
Let us look at how the above-stated stocks have performed individually,Apple: Basis on when this article was written, Apple has managed to offer a return of 52.2% over the last year and a 1,300% return over a 10 year time frame( 10 years is considered as that is roughly when cryptocurrencies were introduced as well)Tesla: Basis on when this article was written, Tesla has managed to offer a return of 115.3% over the last year.I am still confused, which would be a better option for me? If you are an investor with a major appetite for risk then you can opt for the cryptocurrency market since it has given much better reward in terms of returns than some giants of the stock market.
If you feel that you want stable returns with a lesser volatility when compared to the cryptocurrency market then the stock market is the best suited option. If you are someone who is interested in the cryptocurrency market and is wondering which would be some of the best currencies to invest in then you can look at Ripple. Ripple is all set to offer stellar returns and if you are wondering how to buy Ripple in Canada then all you need to do is visit the Netcoins website now.SOURCE CREDIT: https://netcoinscanada.wordpress.com/2021/09/15/should-you-invest-in-stocks-or-cryptocurrencies-read-this-to-find-out/
