For more than a century, the stock market has been the greatest wealth creator on the planet. Despite crashes and corrections happening with fairly common frequency, the market’s major indexes have handily outperformed other assets and commodities over the long run.
But things changed when Bitcoin (CRYPTO: BTC) and other cryptocurrencies made their debut. Over the past decade, it’s digital currencies that have predominantly left equities eating their dust. The euphoria surrounding crypto, coupled with Bitcoin hitting a recent all-time high of nearly $65,000, paved the way for one of the most anticipated initial public offerings of the year last week: Coinbase Global (NASDAQ: COIN).