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The Crypto Hedge?

Crews Bank & Trust Wealth Management Services Oct 13, 2022
Orange for gold at $91, blue for the S&P 500 at $82, and purple for Bitcoin at $41

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So far this year, we have experienced the longest “downturn” in terms of time since our last record high during The Great Recession.

Since then, we had the invention of Bitcoin and other cryptocurrencies, and it's interesting to note how these new asset classes are performing.

The arguments before this year were:

  1. Crypto will be independent of the stock market and act as a great hedge.

    Or,

  2. It is nothing more than the recipient of excess speculation.

Today's Chart of the Day shows the value of a $100 investment at the beginning of the year. Orange for gold at $91, blue for the S&P 500 at $76, and purple for Bitcoin at $41.

The texts books have not been written yet, since we haven’t finished the cycle, but so far the “crypto is a great hedge against the stock market” argument is struggling.
Chart of the Day

About the Author

Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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