Goldman Sachs Says Blockchain Stocks on Average Outperform S&P 500 (But Not Bitcoin)
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Bitcoin
3 years ago
Goldman Sachs identified 19 blockchain and cryptocurrency related stocks that have outperformed the S&P 500 this year.
U.S. stocks exposed to blockchain and cryptocurrencies have outperformed the Standard & Poor’s 500 Index by about 34 percentage points year-to-date, according to Goldman Sachs, in a reminder of how the fast-growing technologies’ appeal extends to investors in traditional markets.
The Wall Street firm identified 19 stocks with a market capitalization of at least $1 billion and high exposure to blockchain technology or cryptocurrencies.
On average, the stocks have climbed 46% year-to-date, versus 12% for the S&P 500, according to the Goldman report dated April 26. Notably, the average lagged behind a direct bet on bitcoin (BTC), which gained 89% over the period.
https://icomarks.com/marksnews?id=280&f=2021-04-28
U.S. stocks exposed to blockchain and cryptocurrencies have outperformed the Standard & Poor’s 500 Index by about 34 percentage points year-to-date, according to Goldman Sachs, in a reminder of how the fast-growing technologies’ appeal extends to investors in traditional markets.
The Wall Street firm identified 19 stocks with a market capitalization of at least $1 billion and high exposure to blockchain technology or cryptocurrencies.
On average, the stocks have climbed 46% year-to-date, versus 12% for the S&P 500, according to the Goldman report dated April 26. Notably, the average lagged behind a direct bet on bitcoin (BTC), which gained 89% over the period.
https://icomarks.com/marksnews?id=280&f=2021-04-28
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