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Missed out on hot crypto stocks in 2021? It paid just to buy Bitcoin and Ethereum, data shows

Bitcoin (BTC) Although prices may have fluctuated this year, BTC continues to play better than the largest crypto stocks.

New data in circulation now shows that for all the growth of the industry surrounding Bitcoin, it still costs money to simply buy and hold.

Stocks cannot compete with BTC, ETH

Looking at the stock performance of the companies with the largest BTC allocations on the balance sheet, it is immediately clear that holding BTC is more profitable than those stocks, at least this year.

“It’s hard to buy crypto stocks to beat coins,” said Zhu Su, CEO of Three Arrows Capital. comment Along with comparative performance data from Bloomberg.

Both Bitcoin and Ether (ETHDespite the success of both in 2021, it is significantly higher than the stocks of companies such as MicroStrategy (MSTR) and Coinbase (COIN).

Cryptographic stocks vs. BTC vs. ETH charts. Source: Zhu Su / Twitter

The numbers highlight the difference between the traditional market and the crypto market. The latter has a degree of freedom of expression that has not existed in stocks, commodities and other assets for a long time.

“The market is positive. Cryptography is even more so, but it’s not under anyone’s control. It’s the only free market left in the world,” said popular trader and analyst Pentoshi. I got it Early this month.

Especially for retailers, the dollar cost averaging method, which includes allocation to BTC, looks even more attractive because it eases short-term volatility.

Miners fight BTC

Further data from the largest listed mining companies support trend.

Related: Bitcoin is close to $ 50,000 — the next notable BTC price levels are:

At the start of the initial public offering and even the stock price, the majority are significantly lower from a BTC perspective.

As of December, only BitFarms (BITF) is profitable.

Comparison chart of minor stocks and BTC. Source: Dylan LeClair / Twitter

Nonetheless, the degree of progress among US mining participants is remarkable, as the Cointelegraph. report, Listed transactions will continue to flow.

Texas, aiming to become a mining mecca, can see electricity demand Jump Several times by next year.