Bitcoin Outperformed Traditional Asset Classes In 2019
The latest report compiled by Binance Research gave more evidence to support this fact,Bitcoin (BTC) has outperformed traditional asset classes in 2019.
BTC’s Year-to-Date [YTD] returns were compared to that of crude oil, tech stocks, United States’ real estate market and other commodities like global stocks and natural resources. Statistics showed that Bitcoin’s YTD was 53 percent, when compared to crude oil’s 33 percent and the 24 percent generated by tech stocks. Click here to read the full article published in May 2019.
Investment managers, such as CEO of Morgan Creek Capital Mark Yusko, say that bitcoin (BTC) should be in every investor’s portfolio because it has a very low correlation and is a great diversifying asset.
Though long-term investors in Bitcoin (HODLRS) often don’t focus on short term price movements because they are holding Bitcoin for at least a few years and they expect volatile price swings, it is interesting to learn how Bitcoin is performing against traditional assets.
Source: http://unlimitedinnerpower.com/bitcoin-outperformed-traditional-asset-classes-ytd-in-2019/
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