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 Bitcoin, 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;

Markets may be overreacting short-term but looking beyond hard to overestimate how hawkish the Fed minutes were.

QE reduction + 3 hikes OK, but 3 hikes + accelerated QT was not in anybody’s radar.

— Alex Krüger (@krugermacro) January 6, 2022

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), Terra (LUNA), and the Sandbox (SAND), which yielded more than 10,000% gains in 2021.

--

--

--

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

5 Patterns That Led to Successful IEOs

Talk about the architecture design of Ultrain from the EIDOS causes trouble to EOS

VouchForMe AMA April 2019 recap with co-founder Matt Peterman

Terra Community Prepares To Launch New Terra, Exchanges Show Interest To List New Token

Making the Case for the Third Generation of Stablecoin — One Cutting-Edge Crypto-Step at a Time

“D” for “Deterrent”: Our Experience Filing SEC Form D

Will This Pump Revive Ethereum Price To $5,000 By The End Of March?

How to Emergency Withdraw funds from a Staking Pool on Crystl Finance

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
thecryptocoinreport.com

thecryptocoinreport.com

More from Medium

Portugal is gradually establishing itself as a ‘haven’ for European Bitcoiners

Portugal is gradually establishing itself as a 'haven' for European Bitcoiners

The digital coin has formerly been guided in colorful Chinese metropolises and was used in further…

Why China digital coin shows us we need a digital currencies like bitcoin

Stablecoins: What, How, And Why? (2022 Edition)

Opportunities To Make Money On The NFT Market If You’re Not An Artist