Although 2022 does not conjure pleasant memories for crypto investors, 2023 seems to wash away those haunting memories with promising news on crypto market growth. So far in 2023, Bitcoin and Ethereum have rallied, and the rest of the crypto assets’ values have climbed up accordingly. According to Blomberg, the top 100 cryptocurrencies have outperformed the stock market in terms of yield since the beginning of 2023. Based on Bloomberg’s analysis, gold and Global large and mid-cap returns amount to 3%, while the top 10 crypto assets yield twice as many returns. Nonetheless, the recent crypto market growth does not mean the market is a safe house for investment. On the whole, thanks to its intrinsic value, gold is a safe sanctuary for investors’ capital. Also, the stock market (compared to the crypto market) is better for investors who seek lower risks. However, since stocks and cryptocurrencies are more correlated than ever, macroeconomic events affect both markets but to various extents.
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