Coinbase Data Shows That Bitcoin Has Outperformed S&P 500 Since 2013

According to a new report by United States-based cryptocurrency exchange and wallet service Coinbase, Bitcoin continues to outperform the world's most popular stock indexes.

"While Bitcoin's price fluctuates, it's trending up and to the right following many bull runs. This year, Bitcoin has also outperformed world stock market indexes."

Coinbase points out that Bitcoin generated an impressive 132% return this year alone, while in comparison, the Nasdaq 100 only generated 17%, the S&P 500 12%, the FTSE Europe 100 11%, while the FTSE ASEAN 40 had to swallow a loss of 3%. In a national survey of 4,415 people that Coinbase conducted with Qriously, most investors were seemingly convinced that cryptocurrencies such as Bitcoin will have a higher return than exchange-traded funds, index funds and stock in their own company 10 years from now.

"Email was invented in 1972, but it took until 1997 to adopt, surpassing 10 million people. The television set was invented in 1927, but by the late 1940s only 2% of American families had one."

Coinbase CEO Brian Armstrong recalled how he discovered Bitcoin in 2010.

"Back in 2010 I read the Bitcoin white paper for the first time - perusing Hacker News one day. It immediately captured my attention. I felt like it could be the most significant idea I'd encountered since the internet."

In February of 2019, Morgan Creek co-founder Anthony Pompliano stated that holding 99% cash and 1% Bitcoin over the last 10 years was a better investment than investing in the greatest stock market bull run in history.

Sharing his bullish sentiment, he said, "Crypto will outperform stocks for the next 10 years too."