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Bitcoin beat the S&P 500, Nasdaq Composite and gold since the start of the Iran war

From cnbc.com

A bitcoin comeback may be underway. Just as the cryptocurrency was kicking off its latest winning week, ProShares’ Simeon Hyman was emphasizing a bullish bitcoin trend on CNBC’s “ETF Edge.” “If you look at bitcoin, it’s up a little bit and equities are down [since the Iran war began,]” the firm’s global investment strategist said on Monday.” “So, I think the diversification story really holds in in this current environment.” As of Friday’s market close, bitcoin gained 5% this week — with most of the gains coming over a 24-hour period. Plus, it’s up roughly 8% since the Iran war started on Feb. 28. Meanwhile, the ... (full story)

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  • Category: Fundamental Analysis