Crypto Investors Back Bitcoin, Altcoins, and NFTs to Outperform Stocks in 2022 By DailyCoin

Crypto Investors Back Bitcoin, Altcoins, and NFTs to Outperform Stocks in 2022

Despite what has been called Bitcoin’s worst start to a year since the dawn of cryptocurrencies, investors believe that , NFTs, and other altcoins will deliver better returns than the stock market in 2022.

Bitcoin ended 2021 with 65% gains, compared to the 28% of the S&P 500. Bitcoin’s competitor, gold, ended the year with a 7% loss. Economist, and market analyst, Alex Krüger, writes;

A poll taken by almost 6,000 investors – and tracked by more than 146,600- reached a consensus that crypto will outperform stocks in 2022. However, the result showed that Bitcoin would not be the best performing crypto at the end of 2022.

The founder and chief executive of deVere Group, Nigel Green, explained that stocks are falling out of favor with investors. He adds that digital assets are now taking over as a way to create and build wealth.

Bitcoin Will Be Beaten to Best Performing Crypto

The poll result showed that 30% of respondents are backing another cryptocurrency to outperform Bitcoin in 2022. This is more than likely to be the case.

Despite Bitcoin’s decent 70% gain in 2021, the leading digital asset was egregiously surmounted by the likes of Polygon (MATIC), (LUNA), and the Sandbox (SAND), which yielded more than 10,000% gains in 2021.

25% of the respondents believe that Bitcoin and non-fungible tokens (NFTs) will outperform other investments.

On the Flipside

  • 20% of the respondents said they think stocks will perform better than crypto and NFTs in 2022.

Why You Should Care

Green explained that the bullish stance comes as investors increasingly become confident that digital currencies are the inevitable future of money.

EMAIL NEWSLETTER

Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7]
You can always unsubscribe with just 1 click.

Continue reading on DailyCoin

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*