Spotify Stock vs Bitcoin: who earns more
Spotify Stock vs Bitcoin: which of the two investments has produced the best returns over time?
In fact, the actions of Spotify Technology S.A ((SQUARE) are listed on the New York Stock Exchange only since April 2018therefore have a more limited history than Bitcoin, which has been listed since 2010.
Their investment price was around $ 149, whereas now, more than two years later, it has risen to $ 192.
This is why in two years they have reported, for the moment, a little less than 30%.
But over the months the stock showed significant fluctuations. For example, in August 2018, after just over three months of negotiation, it reached its highest peak ever, at around $ 194, then fell to $ 102 in December of the same year.
In practice, in 2018, he went on a -47% excursion in just over four months.
However, already in January 2019, the price had increased to $ 130, while in the following months, it continued to fluctuate several times in a range between $ 110 and $ 160.
The last collapse occurred in mid-March 2020, along with collapse of global financial markets, when it fell to $ 109, but has since recovered to first reach around $ 140 in mid-April, then jumping to $ 192 on May 21.
Taking the individual years, in 2018, it closed with a -25%, in 2019, it closed with a + 31%, and in 2020, it currently records a + 30%.
The trajectory of the price of bitcoin was slightly different.
In April 2018, when Spotify went public, it was worth around $ 7,300, when it is now around $ 9,000. So in the same period when SPOT recorded + 30%, BTC recorded + 24%.
However, over the months, it experienced much larger fluctuations, with a peak of minimum peak touch $ 3,200 in December 2018, ed a peak almost $ 13,000 in June 2019. The excursion was therefore more than 300%.
Taking the individual years, in 2018, it closed with a -50% from April to December, in 2019, it closed with a + 90%, and in 2020, it now records a + 28%.
In other words, from April 2018 to today and in 2020, the performance of the percentage return on the two assets is absolutely comparable, while the intermediate oscillations were much more pronounced for Bitcoin.
However, it must be said that Spotify’s title turns out to be a highly volatile one, compared to other listed securities or the NYSE Composite index, which has recorded much more limited fluctuations in Spotify stock from April 2018 to today, with the exception of the mid-market crash – March 2020.
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