Category: S&P 500

S&P’s new bitcoin, ether indexes could help banks move into the crypto market

S&P Dow Jones Indices, the firm behind the ubiquitous S&P 500, announced Tuesday the launch of three new crypto indexes. The launches lay the foundation of a business that can touch a wide range of financial services companies, according to S&P DJI global head of innovation Peter Roffman. The firm, formed by S&P Global in […]

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Goldman Sachs Lists 19 ‘Crypto’ Stocks That Crushed S&P 500 Thanks to Bitcoin’s Surge

Investment bank Goldman Sachs has compiled a list of 19 large-cap stocks with cryptocurrency exposure that have massively outperformed the S&P 500. “On average, these stocks have dramatically outperformed the S&P 500 during the last several months alongside the surge in the price of bitcoin,” the firm wrote. 19 Stocks With Crypto Exposure That Outperformed […]

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Billionaire Mark Cuban’s Million-Dollar Bet: BTC or ETH to Outpace the S&P 500 in 10 Years

The American billionaire entrepreneur and television personality, Mark Cuban, has waged a bet with Creative Planning’s founder Peter Mallouk over the performance of cryptocurrencies versus the S&P 500. Cuban said on Twitter that the two should put $1 million into a stablecoin-based smart contract, in order to place a bet over the return performance of […]

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Bitcoin (BTC) Outperforms Institutional Assets in Q1 2021

Bitcoin (BTC), the world’s first digital currency has notably outperformed other institutional assets in the first quarter of 2021. The ongoing parabolic run in the price of the cryptocurrency, though, has reignited the talks of it being a bubble amongst the coin’s critics, has endeared it more to institutional investors, some of whom are using […]

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Ark Investment Study Suggests BTC Value Will Rise by $40,000 if All S&P 500 Companies ‘Allocate 1% of Their Cash to Bitcoin’

Ark Investment Study Suggests BTC Value Will Rise by $40,000 if All S&P 500 Companies ‘Allocate 1% of Their Cash to Bitcoin’

According to the findings of a study by Ark Investment Management (AIM), the value of bitcoin can potentially increase by $40,000 if all S&P 500 companies allocate 1% of their cash holdings to the crypto. Similarly, if all these companies were to convert 10% of cash holdings into bitcoin, the value of the crypto asset […]

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Stock Market Bubble Searches Peak as GameStop (GME) Share Price Surges 600% in Days

Stock Market Bubble Searches Peak as GameStop (GME) Share Price Surges 600% in Days

2020 turned out to be one of the S&P’s best performing years despite the pandemic. It seems the overall bullish trend in the past year is luring more investors and traders to the stock market. Data shows that searches for “stock market bubble” are peaking as the most recent frenzy with GameStop stock rages on. […]

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Bitcoin Is In Its Biggest Bubble Believes Former Merrill Lynch Economist

Bitcoin Is In Its Biggest Bubble Believes Former Merrill Lynch Economist

Founder and chief economist at Rosenberg Research, David Rosenberg, has doubled-down on his narrative that bitcoin, similarly to the stock markets, is in a massive bubble. He warned that another bear market could emerge, similarly to what transpired following the previous bitcoin bull run in 2017. Bitcoin Is In A Bubble: Rosenberg In a recent […]

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S&P 500 companies will hold bitcoin by end of 2021, majority of The Block’s Outlook Survey respondents say

S&P 500 companies will hold bitcoin by end of 2021, majority of The Block’s Outlook Survey respondents say

In September, the correlation between S&P 500 companies and bitcoin was near an all-time high. Now, more people think such companies will have bitcoin on their balance sheets by the end of next year, according to The Block’s annual outlook survey. Out of the 106 participants in the survey, 51.4% said between five and nine […]

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Bitcoin Rallies To New Yearly High, Stock Markets In Green Too Owing to New Stimulus Package

Bitcoin has soared past $23,000 price to set yet another yearly high of $23,586 early morning on Thursday extending its price gains to over $3,000. The top cryptocurrency is on a record spree since yesterday morning seeing its price surge from around $19,100 to over $22,000 by end of the day registering one of its […]

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Wells Fargo Investment Institute Report Compares Bitcoin to the 1850’s Gold Rush

Wells Fargo Investment Institute Report Compares Bitcoin to the 1850’s Gold Rush

On Monday, the U.S. bank Wells Fargo’s wholly-owned subsidiary and registered investment adviser the Wells Fargo Investment Institute published an investment strategy with a page dedicated to the crypto asset bitcoin. The institute’s contributing author and Head of Global Asset Allocation Strategy, Tracie McMillion, compared crypto investing to the “early days of the 1850’s gold […]

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