Although Bitcoin has fallen significantly from its high earlier this year near USD 13,900, it is important to put things in perspective by comparing Bitcoin’s performance to other asset classes.

Even at Bitcoin’s current price near USD 8,300, Bitcoin is still up 114% on the year. Compare this to the S&P 500, one of the top stock indices in the United States, which is only up 21%. Also, 10-year federal treasury bonds are only accruing 1.6% per year. Gold has had a solid year, rising from around USD 1,300 to USD 1,500, but this is only a 15% gain.

Thus, despite Bitcoin losing a significant amount of value since its peak earlier this year, it is still by far the most profitable asset class of 2019, even though stocks and gold have had a healthy year.

There are signs that the global economy is slowing, and Bitcoin’s performance in 2019 will perhaps attract new investors who are seeking to make quicker profits, versus the slow profits or possibly losses on the stock market expected in the near future.

 

BitcoinNews.com is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.

Follow BitcoinNews.com on Twitter: @bitcoinnewscom
Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Image Courtesy: Pixabay

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Satoshi Added to Oxford English Dictionary

The word satoshi has been officially added to the Oxford English Dictionary, which is perh…