The S&P 500 looks strong, but Bitcoin's fate depends on regulations and government support.Unlock Cyber Monday savings! Get 60% off InvestingPro and access top features like ProPicks AI, Fair Value, and the Top Stock Screener for just $6/month.has seen impressive gains in 2023, up 26.47%, and barring a major reversal, it’s set for a second consecutive year of more than 20% growth—a rare feat in the past century.
Historically, when the S&P 500 ends November up more than 20%, December often continues the trend with an average return of 2.4%.Bitcoin’s market cap has soared to around $1.89 trillion, placing it on par with the top U.S. companies. Trump has already launched proposals to make the U.S. the world capital for cryptocurrencies, encourage favorable regulations, and even create a U.S. Bitcoin reserve.
Questions remain, such as which institution would manage this reserve and where the funding would come from—whether from selling assets like gold or bonds, or increasing debt.Both stocks and Bitcoin offer exciting potential, but their paths forward are shaped by very different factors.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »