/biz/ - Business & Finance

>>24877470
>So far this year in 2020, bitcoins are up over 180%, while the Dow Jones Industrial Average DJIA, -0.15%, by comparison, is up 5.8% so far this year, the S&P 500 index SPX, +0.18% has gained 14.4% over the same period and the Nasdaq Composite Index COMP, +0.50% has advanced over 40% in the year to date. Gold, considered one of bitcoins biggest traditional asset rivals by some, has climbed 22% thus far this year amid the COVID-19 pandemic.

ooouuuff rock boomers this hurts... more and more normies and big money investors are being exposed to this comparison...

>>24853899
checked and congrats, fuck normies

>>24853664
check all the news coming out today bro

>Wednesday’s rally for bitcoin comes as the Federal Reserve is set to provide a fresh update on its monetary policy plans amid the global viral epidemic that has slammed economies worldwide and forced governments to spend outsize funds to limit the damage.

>“There is clearly a view in the community that all of this central bank easing provides a bullish case for bitcoin and with the crypto closing in on new record highs and, importantly, $20,000, this could well be the point when it explodes higher into uncharted territory,” wrote Craig Erlam, senior market analyst, in a Wednesday note.

>Bitcoins are trading well above the intraday peak at $19,783,21 put in back in 2017. So far this year in 2020, bitcoins are up over 180%, while the Dow Jones Industrial Average DJIA, -0.03%, by comparison, is up 5.8% so far this year, the S&P 500 index SPX, 0.03% has gained 14.4% over the same period and the Nasdaq Composite Index COMP, 0.11% has advanced over 40% in the year to date. Gold, considered one of bitcoins biggest traditional asset rivals by some, has climbed 22% thus far this year amid the COVID-19 pandemic.

GOLDEN BULL RUN... HEADLINES FLOODING OUT.

>Wednesday’s rally for bitcoin comes as the Federal Reserve is set to provide a fresh update on its monetary policy plans amid the global viral epidemic that has slammed economies worldwide and forced governments to spend outsize funds to limit the damage.

>“There is clearly a view in the community that all of this central bank easing provides a bullish case for bitcoin and with the crypto closing in on new record highs and, importantly, $20,000, this could well be the point when it explodes higher into uncharted territory,” wrote Craig Erlam, senior market analyst, in a Wednesday note.

>Bitcoins are trading well above the intraday peak at $19,783,21 put in back in 2017. So far this year in 2020, bitcoins are up over 180%, while the Dow Jones Industrial Average DJIA, -0.03%, by comparison, is up 5.8% so far this year, the S&P 500 index SPX, 0.03% has gained 14.4% over the same period and the Nasdaq Composite Index COMP, 0.11% has advanced over 40% in the year to date. Gold, considered one of bitcoins biggest traditional asset rivals by some, has climbed 22% thus far this year amid the COVID-19 pandemic.