Exciting news in the world of cryptocurrency! Coinbase Global Inc. (NASDAQ: COIN) is making history by becoming the first Bitcoin and crypto company to join the prestigious S&P 500 on May 19. This move signifies a significant milestone for both Coinbase and the broader crypto industry.
The Impact of Coinbase's Inclusion in the S&P 500
Recognition of Industry Progress
By being added to one of the most esteemed indexes in the U.S., Coinbase's entry into the S&P 500 highlights the remarkable progress of the crypto sector. It's no longer just a buzz; it's a solid part of the traditional financial landscape.
Stringent Criteria for Entry
For any company to join the S&P 500, it must meet stringent requirements, including a substantial market cap, profitability, public share ownership, and U.S. exchange listing. Coinbase surpasses these criteria with a market cap exceeding $40 billion and consistent profitability.
What Does This Mean for Bitcoin?
Increased Accessibility for Traditional Investors
Coinbase's S&P 500 debut makes exposure to Bitcoin more accessible to traditional investors. This move helps dispel the myth that Bitcoin and crypto are solely high-risk investments, opening the door to a broader audience.
Performance Comparison: Bitcoin vs. S&P 500 vs. Gold
Looking at the numbers, Bitcoin has significantly outperformed the S&P 500 and gold over various timelines. In the past decade, Bitcoin has skyrocketed by over 7,200,000%, dwarfing the S&P 500's 306% and gold's 116% growth. Even in shorter periods, Bitcoin consistently outshines both traditional assets.
- Bitcoin's 1-year growth: 27%
- Gold's 1-year growth: 37%
- S&P 500's 1-year growth: 5%
- Bitcoin's 5-year growth: 1,138%
- Gold's 5-year growth: 85%
- S&P 500's 5-year growth: 92%
Conclusion: Embracing the Future of Finance
Coinbase's groundbreaking entry into the S&P 500 marks a pivotal moment for the crypto industry, showcasing its growing acceptance in traditional financial markets. As investors seek new opportunities and diversification, the inclusion of Bitcoin in esteemed indexes like the S&P 500 paves the way for a more integrated and innovative financial future.
This post on Coinbase's historic milestone originally appeared on Bitcoin Magazine and was authored by Oscar Zarraga Perez.
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- 7 U.S. Code SS7 – Designation board of trade as contract marketplaces
- 26 U.S. Code SS 408 – Individual retirement accounts
How To
The best way to buy gold (or silver) online
First, understand the basics of gold. Gold is a precious metallic similar to Platinum. It's very rare, and it is often used as money for its durability and resistance. It is very difficult to use and most people prefer to purchase jewelry made of it over actual bars of Gold.
There are two types of gold coins available today – one type is legal tender, while the other is called bullion. Legal tender coins are minted for circulation in a country and usually include denominations like $1, $5, $10, etc.
Bullion coins should only be used for investment purposes. Inflation can cause their value to increase.
They aren't circulated in any currency exchange systems. For example, if a person buys $100 worth of gold, he/she gets 100 grams of gold with a value of $100. The buyer receives 1 gram of gold for every dollar spent.
The next thing you should know when looking to buy gold is where to do it from. You have a few options to choose from if you are looking to buy gold directly through a dealer. First off, you can go through your local coin shop. You can also try going through a reputable website like eBay. You can also look into buying gold online from private sellers.
Individuals who sell gold at wholesale and retail prices are called private sellers. When selling gold through private sellers, you pay a commission fee of 10% to 15% per transaction. Private sellers will typically get you less than a coin shop, eBay or other online retailers. This option can be a good choice for investing in gold because it allows you to control the price.
Another option for buying gold is to invest in physical gold. You can store physical gold much more easily than you can with paper certificates. However, it still needs to be safe. You need to make sure that your physical gold is safe by storing it in an impenetrable container like a vault or safety depositbox.
You can either visit a bank, pawnshop or bank to buy gold. A bank will be able to provide you with a loan for the amount of money you want to invest in gold. These are small businesses that let customers borrow money against the items they bring to them. Banks usually charge higher interest rates that pawn shops.
The final option is to ask someone to buy your gold! Selling gold is simple too. A company such as GoldMoney.com can help you set up a simple bank account and get paid immediately.
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By: Oscar Zarraga Perez
Title: What Does Coinbase Joining the S&P 500 Mean for Bitcoin and Crypto?
Sourced From: bitcoinmagazine.com/news/coinbase-becomes-first-bitcoin-and-crypto-company-to-join-the-sp-500
Published Date: Mon, 12 May 2025 22:39:25 +0000
