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Health, Wealth, and Happiness

November 1, 2023

"The long-term data repeatedly document that investors would benefit by switching from active performance investing to low-cost indexing."



- Charles Ellis Ph.D.

Howdy, investors!

Blocks vs. stocks: Which has delivered better returns? Today we examine how bitcoin returns have compared to the leading market indicator, the S&P 500. Check out our updated report on Bitcoin vs S&P 500: How They Compare.

Bitwise has released its quarterly crypto report, and with over 50 charts, it's a dream for those who love data. It's also an excellent resource for analysis of where the market is now... and the data suggests a calm before a surge.

To celebrate the 15th anniversary of the bitcoin whitepaper, The Defiant looks at the increasing dominance of bitcoin, why it's happening, and what it might mean for crypto markets. Happy birthday, bitcoin!

Read on to explore more!

Bitcoin vs. S&P 500: How They Compare

by Anatol Antonovichi

Investors looking for sound strategies often use market indexes like the S&P 500. By following such index funds (either through investments with individual S&P 500 companies or through reputable index funds), investors can tie their wealth potential to the market's health. 

Perhaps unsurprising, crypto enthusiasts have wondered about a comparable market or fund in the DeFi space. The short answer is that there isn't anything quite like it yet (although the potential approval of crypto spot ETFs could change this dramatically).

However, it's still possible to compare the S&P 500 against a popular cryptocurrency–namely, bitcoin. Here's how the two have stacked up over time.

Read on and discover the huge difference in returns >>

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NEW Blockchain Risk Scorecard: Tether (USDT)

USDT, or Tether, is a stablecoin backed by a pool of reserves to maintain a 1-to-1 peg with the US dollar. As of this writing, it is the most popular stablecoin by market capitalization.

After losing ground to competing stablecoins from July 2020 through July 2022, Tether has more recently seen a resurgence that's seen its dominance over competing stablecoins grow from roughly 45% to approximately 70%.

The question we're looking at answering today is how much risk is involved in holding Tether. The project hasn't been without detractors over the years, but how safe is it now?

Premium members can click here to download the Tether Risk Scorecard.

Become a Premium member and get access to our best crypto investing content, from crypto rating scorecards to exclusive webinars and workshops. Join today! 

Must Read

Today's most important stories for crypto investors.

Bitwise Crypto Market Quarterly Review(Bitwise)

Investor takeaway: If you love data, you'll love this quarterly report from Bitwise, which is 40 pages of charts looking at everything from market performance to data on blockchain fees and miners.

The report seems quite bullish on an upcoming surge in crypto prices, driven by blockchain revenue. We think it could be a good time for investors to assess their crypto exposure, based on the findings in this report.

BTC Bulls On Parade Amid 15th Anniversary of Bitcoin Whitepaper(The Defiant)

Investor takeaway: Bitcoin's (BTC) market dominance has reached a 30-month high, accounting for 51% of the total cryptocurrency capitalization. This surge, marking the fifteenth anniversary of Bitcoin’s whitepaper, saw BTC prices reaching year-to-date highs of $34,500.

The increase in price is attributed to the anticipated regulatory approval of BlackRock’s proposed spot bitcoin ETF in the United States, as well as investors turning to non-correlated assets like bitcoin due to geopolitical uncertainties.

Speaking of bullish... with bitcoin hitting a high and the halving event coming in less than a year, we're getting ready for a big 12 months for BTC. We predict an exciting ride.

DeFi Attack Vectors: 28 Must-Know Exploits to Defend Against(X)

Investor takeaway: As the old proverb tells us, "Forewarned is fore-armed," and that's a good mantra in the DeFi world. This X thread helps to forearm you against many known DeFi exploits.

There's no sense in taking advantage of the apparent potential in DeFi to profit only to have it all drained away by a malicious actor. If you use DeFi platforms, please be sure to keep yourself informed about keeping your funds safe.

Best Performing Cryptocurrency Funds for 2024

Let these funds expand your exposure to crypto.

The Intersection of Blockchain and AI

Can robots make financial decisions? And do we want them to?

Crypto Mining on a Budget: Best Used Mining Rigs

Get a deal on a used ASIC rig and start mining from home.

Best Cryptocurrencies to Mine with a PC in 2024

There's a whole world of mining beyond bitcoin.

An Open Letter to Rep. Patrick McHenry

With a copy-and-paste letter for your own state rep.

Blockchain Basics

Explain Like I'm 5

BMJ Basics

The Case for Crypto: Why Invest in Crypto?

Click to learn.

Best Staking Rates

The best rates for DeFi staking this week.

Click here to see our current staking yields, updated weekly.

(Thanks to @bitcoinmemes on IG)

Bitcoin Market Journal is a daily newsletter that makes you a better crypto investor. It's created by John Hargrave, Steve Walters, Gerald Jackson, Anatol Antonovici, Matthew Du, Daniel Joel, and Preetam Kaushik.

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