US tax authority is arranging a crypto summit – wants to listen to the industry
The US tax authority, the IRS, will arrange a summit with several big crypto companies in early March.
The first quarter of 2019 was a good quarter almost regardless of what you have invested in, but once again we find bitcoin in the top of the list.
The fact that the price of bitcoin and other cryptocurrencies declined massively during 2018 doesn’t seem to have scared the investors away. Despite a price drop of more than 80 percent for bitcoin, investors now seem to have found their way back to the cryptocurrency.
Since the first of January this year, the price of bitcoin has gained a whopping 37 percent, which can be compared to the American stock index S&P 500, which only gained about 17 percent. 17 percent is, of course, huge, but it doesn’t even come close to the gains of bitcoin.
The same goes for other assets and indexes as gold (+0,5 percent) and Nasdaq 100 (+21,0 percent) as well.
The increases were compiled by Charlie Bilello (@charliebilello) on Twitter, and you can read the full list below.
Oil $USO: +38%
Bitcoin $BTC: +35%
Nasdaq 100 $QQQ: +21%
REITs $VNQ: +19%
MLPs $AMLP: +18%
Small Caps $IWM: +18%
S&P 500 $SPY: +17%
EM $EEM: +14%
EAFE $EFA: +13%
Commodities $DBC: +13%
High Yield $HYG: +9%
Investment Grade $LQD: +6%
Bonds $AGG: +2%
Gold $GLD: +0.5%
— Charlie Bilello (@charliebilello) 13 april 2019
Ccn.com was the first to report on this story.
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