How does Amgen stock perform compared to other cryptocurrencies?

1 answers

• BOUNOUA ChahinezMar 25, 2024 · a year ago
  As an expert at BYDFi, I can tell you that comparing Amgen stock to cryptocurrencies is like comparing apples to oranges. Amgen stock is a traditional stock of a pharmaceutical company, while cryptocurrencies are a new asset class that operates on blockchain technology. In terms of price volatility, cryptocurrencies are known for their extreme price swings, with the potential for significant gains or losses in a short period of time. Amgen stock, on the other hand, tends to have lower price volatility compared to cryptocurrencies, offering a more stable investment option. When it comes to potential returns, cryptocurrencies have gained attention for their high returns, with some investors making substantial profits. However, it's important to note that investing in cryptocurrencies also carries higher risks due to their volatility and regulatory uncertainties. Amgen stock, being a traditional stock, may offer more predictable returns over the long term, although the potential for extraordinary gains may be lower compared to certain cryptocurrencies.
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