Skip to content

Learn how your business can efficiently manage diverse payment needs and get insight into transactions and balances with Crews Treasury Pro. Easy to-use tools put you in control.  

Get Started 863-222-7005

The Crypto Hedge?

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer Oct 13, 2022
Orange for gold at $91, blue for the S&P 500 at $82, and purple for Bitcoin at $41

Contents

So far this year, we have experienced the longest “downturn” in terms of time since our last record high during The Great Recession.

Since then, we had the invention of Bitcoin and other cryptocurrencies, and it's interesting to note how these new asset classes are performing.

The arguments before this year were:

  1. Crypto will be independent of the stock market and act as a great hedge.

    Or,

  2. It is nothing more than the recipient of excess speculation.

Today's Chart of the Day shows the value of a $100 investment at the beginning of the year. Orange for gold at $91, blue for the S&P 500 at $76, and purple for Bitcoin at $41.

The texts books have not been written yet, since we haven’t finished the cycle, but so far the “crypto is a great hedge against the stock market” argument is struggling.
Chart of the Day

About the Author

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer
Samuel A. Kiburz, Senior Vice President, Chief Investment Officer

Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

Previous
Beyond Profits
Next
Faith in the Long Run

Subscribe to Our Blog

Sign up to receive email notifications of our blogs.