Red, red everywhere.
Which portfolio will yield higher returns?
The seventh month of my experiment.
Details here - BIG TECH vs CRYPTO
Investments
On June 1, stocks and tokens cost:
Big Tech portfolio.
Twitter $39.6
Google $2275.24
Meta $193.64
Robinhood $10.06
Crypto portfolio.
BAT $0.4136
LBC $0.01293
HIVE $0.5427
PRE $0.1142
CAKE $4.58
Another month of declines in the crypto market. On one hand it's bad news and on the other hand it's good news because I can buy more tokens every month.
Results.
Crypto's portfolio includes [total tokens]:
Big Tech's portfolio includes [total shares]:
Porfolio value after each month.
There are more and more signs that there will be a recession and even greater declines on Wall Street. How will cryptocurrencies behave in times of crisis? So far in my experiment the crypto portfolio has lost almost 1/3 and the stock portfolio almost 1/5 of its value, but this is only the 8th month in this long journey.
If you want to know who will win this uneven fight, don't forget to follow my blog. I will try to post a summary of the results each month.
This is the bad times for crypto but I believe once btc can regain strength from the weekly demand zone we might see crypto fighting back
Usually stock prices and cryptocurrencies are correlated but if there is a lack of confidence in the monetary system then maybe people will start saving their money from inflation into cryptocurrencies.