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Comparing Bitcoin Versus ConocoPhillips Reveals New Low
By Market News Video Staff, Sunday, December 1, 2:09 PM 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 11/28/2024, Bitcoin (NYSE:$BTC) can buy you the most amount of ConocoPhillips shares, in the past year. For example, if you had 1 Bitcoin coin and wished to buy shares of COP with the proceeds, you would now be able to buy 891.22 shares of COP. That's versus a low amount of 330.56 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 ConocoPhillips 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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