As traditional markets undergo a level of anxiety not seen since the 2008 recession, the cryptocurrency industry showed few existential signs of distress.
Bitcoin prices slid Tuesday after the U.S. Federal Reserve announced an emergency cut in interest rates to counteract risks to the economy from the spreading coronavirus.
As U.S. stocks tumbled on Monday by the most in six months amid renewed coronavirus fears, bitcoin barely budged - at least in terms of the notoriously volatile cryptocurrency’s trading history.
Despite the downtrend in the latter half of 2019, bitcoin is on track to significantly outperform gold and stocks.
Morgan Creek Digital wants to echo Warren Buffett's famous bet by wagering $1 million that crypto will outperform the S&P 500 over 10 years.
Bitcoin price gains are impressive. But when compared to traditional asset investment, how big is big? And are there downsides?