Better Buy: Amazon or All 19,941 Cryptocurrencies?
The S&P 500 and the Nasdaq Composite are officially both in bear markets, trading at levels more than 20% below their all-time peaks. However, the cryptocurrency market's sell-off has been much worse. According to CoinMarketCap, the global market cap of all 19,941 cryptos is now just $900 billion, down from a high of close to $3 trillion.
That puts the value of the entire crypto market just below that of Amazon (NASDAQ: AMZN), which despite being down over 40% from its high is still worth more than $1 trillion.
Given their similar total valuations, it seems natural to compare the two and ask which would be the better investment now: Amazon or a basket of all 19,941 crypto tokens?
Source Fool.com
