Crypto Public Companies Outperformed Crypto Assets | Crypto Daily Digest July. 17
Crypto related listed companes' stocks have vastly outperformed major crypto assets year to date.
Although major crypto assets such as Bitcoin and Ethereum have generated impressive year-to-date returns of over 60%, crypto-related companies like Michael Saylor's MicroStrategy, Coinbase, and several mining firms have outperformed them by a significant margin. Year-to-date, most of these companies have seen their stock prices surge by 200% to over 400%.
The surge in the stock prices of these publicly traded companies indicates a sustained interest in crypto investments from equity market participants and institutional investors, who are often unable to invest directly in crypto assets.
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Bitcoin has been fluctuating around $30,000 for an entire quarter. Has the crypto industry been stagnant due to regulatory concerns? Perhaps we can find the answer from the data of exchanges.
: TokenInsight released Crypto Investment Products Report July 2023, aiming to help users know about the current landscape of crypto investment products and the potential risks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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