Crypto Outperforms AI Stocks: Why Bitcoin & Ethereum Are Winning
- Latest 50-day performance comparison shows that BTC was up 31.60%, while ETH rose 53.50%.
- US spot Bitcoin ETFs pulled in about $1.6 billion between August 17 and August 20.
- BTC is approaching the $80k area after rising roughly 30% from its recent low near $60k.
For much of the recent market cycle, AI was one of Wall Street’s hottest sectors. Technology stocks pulled in massive amounts of money as investors bet that heavy spending on AI would eventually lead to higher profits and better productivity.
However, the latest 50-day performance comparison shows a big shift in momentum. Bitcoin was up 31.60% and Ethereum surged 53.50%, according to recent data. In contrast, the S&P 500 gained just 2.26%, while the Nasdaq barely moved at 0.22%.
Gold and silver also had solid runs, up 14.31% and 19.26% respectively.
Why is Crypto Outperforming AI Stocks?
One possib…
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