2024-06-02 08:51:00 ET
The S&P 500 (SNPINDEX: ^GSPC) is hitting new all-time highs at the same time as Bitcoin (CRYPTO: BTC) is powering to new all-time highs, and that's leading to an interesting dilemma for investors. Should they invest in the S&P 500 or Bitcoin?
The answer might surprise you. Yes, Bitcoin is extraordinarily volatile. And, yes, the crypto market has historically been a very risky place to invest. But there's a good reason why institutional investors are piling into Bitcoin these days: It's impossible to ignore Bitcoin's superior long-term returns.
The idea that Bitcoin might be a better long-term investment than the S&P 500 may be controversial, but consider the evidence. Cathie Wood of Ark Invest recently crunched the numbers, and the results are jaw-dropping, to say the least.
For further details see:
Forget the S&P 500: Bitcoin Could Still Be the Best Long-Term Investment if You Want to Retire a Millionaire