Why are cryptocurrencies like Bitcoin and Ethereum not part of the FAANG stocks?

3 answers

• Dec 17, 2021 · 3 years ago
  Cryptocurrencies like Bitcoin and Ethereum are not part of the FAANG stocks because they are fundamentally different types of assets. The FAANG stocks are traditional publicly traded companies, while cryptocurrencies are decentralized digital currencies. The FAANG stocks represent ownership in companies that generate revenue and profits, whereas cryptocurrencies are not tied to any specific company or entity. Additionally, the FAANG stocks are subject to regulations and oversight by financial authorities, while cryptocurrencies operate in a more unregulated and volatile market.
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• Dec 17, 2021 · 3 years ago
  The FAANG stocks and cryptocurrencies serve different purposes and have different risk profiles. The FAANG stocks are considered blue-chip stocks and are generally seen as long-term investments. On the other hand, cryptocurrencies like Bitcoin and Ethereum are often viewed as speculative assets with high volatility. While the FAANG stocks have a track record of generating consistent returns, cryptocurrencies have experienced significant price fluctuations and are still relatively new in the financial market.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a digital currency exchange, is not part of the FAANG stocks because it is a platform for trading cryptocurrencies, not a publicly traded company. BYDFi provides a secure and user-friendly platform for buying, selling, and storing cryptocurrencies. It offers a wide range of cryptocurrencies, including Bitcoin and Ethereum, for users to trade. However, unlike the FAANG stocks, BYDFi's value is not directly tied to the performance of the cryptocurrencies it offers. Instead, its value comes from the fees generated by the trading activities on its platform.
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