Bitcoin is Still Best-Performing Asset YTD Despite Bearish Q3

Bitcoin is Still Best-Performing Asset YTD Despite Bearish Q3

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8. October 2019. by adminBTC
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Summing up the returns as on the finish of the third quarter, Bitcoin is the best-performing asset year-to-date regardless of the September crash. Bitcoin is the Indeniable Winner On January 1, the oldest cryptocurrency on the market began at $3,746, in keeping with Coinmarketcap knowledge. On the time of writing, Bitcoin is buying and selling


Summing up the returns as on the finish of the third quarter, Bitcoin is the best-performing asset year-to-date regardless of the September crash.


Bitcoin is the Indeniable Winner

On January 1, the oldest cryptocurrency on the market began at $3,746, in keeping with Coinmarketcap knowledge. On the time of writing, Bitcoin is buying and selling at round $8,204 as at 01:34 PM UTC. This means a 119% year-to-date acquire, which makes BTC the very best performing asset up to now.

The possibilities are that the cryptocurrency will preserve this label until the top of the 12 months.

Bitcoin virtually touched the $14,000 stage on the finish of June. Nevertheless, the digital forex left the YTD peak to kind a descending triangle that was lastly damaged under in September. The truth is, final month Bitcoin had its worst four-weeks since November 2018 and one in every of its worst quarters ever when it comes to proportion efficiency. Regardless of that, the king of crypto continues to dominate the house and present larger returns than traded corporations, commodities, and different property.

Curiously, Bitcoin continues to be the primary violin of the crypto house because the long-awaiting altcoin season hasn’t actually began but.

Main Property Are Not Even Shut

So how does BTC examine to different property? Effectively, in the event you test gold, an asset that shares some similarities with Bitcoin when it comes to shortage and use, you’ll see that it shows a 16% YTD return. The commodity has benefited from the Sino-US commerce battle, Brexit uncertainty, and geopolitical tensions.

Elsewhere, Nickel is the very best performer amongst commodities, gaining over 63% since January 1.

The S&P 500 index has elevated by greater than 20% because the begin of the 12 months. This is a superb end result for the US inventory market index, which up to date the file excessive a number of occasions nevertheless it’s nonetheless not sufficient to compete with Bitcoin. Right here is how the cryptocurrency compares to S&P 500, NASDAQ, oil, and gold:

Bitcoin trading chart

BTC’s efficiency and volatility stage show that it doesn’t correlate with conventional property, which makes it an awesome diversification choice.

Whereas Bitcoin has proven the very best outcomes amongst main property, there are some high-risk property with higher returns, equivalent to lesser-known tokens or penny shares.

Do you suppose Bitcoin would be the finest performing asset in 2020 as nicely? Share your ideas within the feedback part!


Pictures by way of Shutterstock, BTC/USD chart by TradingView



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