Before you get too excited, know that this isn’t some magic moneymaking scheme, nor is its existence a secret. In fact, you’ve probably heard of this asset before and said, “No way, too risky, not for me.”
But in doing so you unfortunately would have been wrong. You would have passed up the chance at what’s been a truly historic profit run, possibly because you may fear things that you don’t understand yet... possibly because you’re afraid of things that are new.
If you haven’t figured it out yet, I’m talking about Bitcoin.
In times of economic uncertainty, Bitcoin has so far proven a safe haven for investors, just as has always been true with gold. But Bitcoin has also proven to be more than just a fallback because, unlike gold, when stocks are rallying, Bitcoin rallies too.
Trailing the last 12 months, the S&P 500 is trading in negative territory. SPDR Gold Shares (NYSE: GLD) have climbed 14.4%. Bitcoin is up 74.9%.
Trailing five years, the S&P 500 is up 68.8%. Gold is down 26.5%. Bitcoin is up 24,900%. And yes, that’s a comma, not a decimal point.
In other words, when stocks go up, Bitcoin goes up. When stocks go down, Bitcoin still goes up. At least that’s how it’s been for the past half-decade or so.
Put quite simply, this lack of correlation with the dollar m
