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Bitcoin Now Buys You the Least Amount of Advanced Micro Devices in the Past Year
By Market News Video Staff, Friday, August 5, 11:33 AM ET
Here at CryptocurrenciesChannel.com, we find it interesting to track various ETF and stock prices versus various digital assets over time.
We noticed that as of 8/5/2022, Bitcoin ($BTC) can buy you the least amount of Advanced Micro Devices shares, in the past year. For example, if you had 1 Bitcoin coin and wished to buy shares of AMD with the proceeds, you would only be able to buy 222.98 shares of AMD. That's versus a high amount of 566.73 shares over the trailing twelve months. Here's how this relationship looks charted, over the past year:
The main driver of the above bar chart has, of course, been the performance of Advanced Micro Devices shares, relative to the performance of Bitcoin; and here's how the two compare over the past year on a total return basis:
Be sure to follow us at CryptocurrenciesChannel.com for more interesting stock market vs. digital asset comparisons!
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