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08
Oct, 2020

For Another Year, Bitcoin Wins Gold and Stocks

Every year, investors look for the best returns in the market, plan the next year, and realize their mistakes.

 

For 2020, Bitcoin reached a return of around 50 % while one of its main competitors, the gold, reached around 25 %. The stocks, with the S&P 500 as the main corresponding index, reached near 5.5 % while investors in US Dollar have won around 2.2 % from holding the currency in their portfolios.

 

The biggest loser for the past year is Oil for sure, which lost almost 35 % of its value, due to global lockdowns around the world.

 

Bitcoin’s price seems to correlate with traditional markets regarding its ups and downs, a fact that could change through Bitcoin’s fundamental elements.