Bitcoin (BTC) Best Performing Major Asset in 2019, Surges 43% Year-to-Date
2018 turned out to be a terrible year for cryptocurrency markets, with Bitcoin plummeting from its highest level of nearly $ 20,000 over $ 201,000, and many other cryptocurrencies posted losses of 90% or more from their early 2018 heights.
Despite this, 2019 is a great year for the crypt markets, and if they are able to maintain their upward momentum, they can continue to climb back to their previously established all-time heights as the year continues.
Bitcoin (BTC) surpasses all other major investments
By writing, Bitcoin trades up over 1% to its current $ 5,350 price and rises from the weekly Lows of about $ 5,000, which was set last week after Bitcoin did not break over $ 5,400 and the spiral down.
Bitcoin started the year around $ 3,746 and has since increased almost 43% to today's price level, making the best possible Stmental asset so far in 201[ads1]9.
Last week, Charlie Bilello posted a comparison on Twitter, notes that Bitcoin was the second best dividend active so far in 2019 behind oil. During the seven days since this comparison was set up, BTC has continued to climb and is now the largest executive investment this year.
2019 Returns …
Oil $ USO : + 38%
Bitcoin $ BTC : + 35%
Nasdaq 100 $ QQQ : + 21%
REITs $ VNQ : + 19%
: + 19%] MLPs $ AMLP : + 18%
Small Caps $ IWM : + 18%
S & P 500 $ SPY : + 17%
: + 17%] EM [194590013] $ EEM : + 14 %
EAFE $ EFA : + 13%
Items $ DBC : + 13%
Yield $ HYG : + 9%
Investment Rate $ LQD : + 6%
Bonds $ AGG : + 2%
: + 2%
$ GLD : + 0, 5%– Charlie Bilello (@charliebilello) April 13, 2019
At the time of writing, WTI Crude Oil is trading 37% date (YTD), while BTC is up 43%, as discussed earlier.
While it looks like the traditional stock markets, which ended in 2018 on a low note but have since increased, Bitcoin has surpassed them, with S & P 500 currently trading below 17% YTD, and Dow Jones Industrial Average up below 15% YTD.
Other Cryptocurrencies Outperform Bitcoin
Although Bitcoin is currently the largest asset in 2019, other smaller crypto conversions have significantly exceeded BTC this year. [19659002] Binance Coin (BNB) is an example of a smaller cryptocurrency that has substantially surpassed BTC, when the cryptocurrency recently exceeded its previously established full-time heights and shows few signs of slowing down.
At the time of writing, BNB trades up 2.2% at today's price of $ 24.58. BNB started this year's trading at around $ 6.19, and has since skipped nearly 300%.
The overwhelmingly positive development of the Krypto market in recent months has significantly improved the sense of overcrowded investors who had previously been burned by the 2018 bear market, and growing fundamentals can allow further price gains in 2019 to continue.
Featured image from Shutterstock.
