In the year 2021, Bitcoin and Ethereum suddenly became hot in investment circles. The two coins had been left for dead just five years before as they floated around at $0.0001 apiece while other projects struggled to survive on less than a dollar of market cap.
“why ethereum is going down today 2021” is a question that has been asked for many years. The answer to this question, is that it paid just to buy Bitcoin and Ethereum in the last year.
Although the price of Bitcoin (BTC) has changed this year, it remains a superior investment than the major crypto equities.
According to new statistics presently circulating, despite all of the industry’s development, it still pays to just acquire and hold Bitcoin.
Stocks can’t compete with Bitcoin and Ethereum.
When you look at the stock performance of companies with the greatest BTC allocations on their balance sheets, it’s clear that holding BTC was more lucrative than holding shares – at least this year.
“Buying crypto equities to beat cryptocurrencies is difficult,” Three Arrows Capital CEO Zhu Su said, citing Bloomberg performance statistics.
Despite their triumphs in 2021, Bitcoin and Ether (ETH) have performed much better than equities from firms like MicroStrategy (MSTR) and Coinbase (COIN).
Chart of crypto stocks vs. BTC vs. ETH. Zhu Su/Twitter is the source of this information.
The graphs show the distinctions between conventional and crypto markets, with the latter offering a level of expressiveness previously unavailable in stocks, commodities, and other assets.
“Markets are anticipatory. Crypto is much more so since it is uncontrollable. It’s the world’s sole remaining free market,” said prominent trader and analyst Pentoshi earlier this month.
A dollar-cost averaging technique including BTC allocation, which mitigates short-term volatility, seems all the more appealing for retail companies.
Bitcoin miners are up against it.
The trend is backed up by statistics from the world’s major publicly listed mining companies.
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In BTC terms, the great majority are much lower than their founding and even stock price at the time of its first public offering.
Only BitFarms (BITF) is profitable at the moment, as of December.
Chart comparing mining stocks to Bitcoin (BTC). Dylan LeClair/Twitter is the source of this information.
Nonetheless, the level of progress made by players in the US mining business has been eye-opening, and as Cointelegraph has covered, listing agreements are still coming in.
By next year, demand for electricity in Texas, which is aiming to become a mining powerhouse, might have risen severalfold.
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The “why crypto market is down today 2021” is a question that asks if it was worth it to buy Bitcoin and Ethereum when they were at their peak in 2018. The answer is yes, as the data shows that these two cryptocurrencies are still on top of the charts.
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