There is much debate about whether Bitcoin and cryptocurrencies are really better than traditional investments such as stocks and bonds. Judging by the current results of 2019, Bitcoin again wins this competition.
After Bitcoin hit its historic high 2017 $20,000 in late 2016, it experienced a significant drop to $000 in 2018. However, according to the current results of 2019, the situation is again in favor of Bitcoin. Since the beginning of the year, Bitcoin has actually added more than 140%.
A simple comparison of Bitcoin and traditional assets shows that the crypto is breaking far ahead:
For example, Nasdaq shares added only 30%, S & P 500 – 24%, US dollar – 4%, oil – 21%, which is significantly lower than the same indicator of Bitcoin (140%).
Interestingly, gold (GLD) has added only 18% to the price since the beginning of 2019. Comparison of Bitcoin and gold is especially important, given that Bitcoin is called digital gold, which allows to preserve value.
Although 2019 is not over yet, it is likely that Bitcoin will be able to maintain its lead and even add to the price. And then we will definitely be able to argue that Bitcoin is the most effective asset of 2019.