• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Breaking News: BREAKING: Robinhood Takes A Stand: Ditches 3 SEC-Designated 'Crypto Securities'
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Robinhood Takes A Stand: Ditches 3 SEC-Designated 'Crypto Securities'

Bitcoin Still the Best Performing Asset of the Past Year, Despite Chilling Crash

Christina Comben by Christina Comben
3 years ago
in Bitcoin, News, News teaser
0

Despite the brutal selloff that left no markets unscathed, Bitcoin remains the best performing asset over the past year-except for gold, that narrowly outshines it today. 

Bitcoin Outperformed S&P By a Landslide

March 11, 2020, was a dark day for the world. That was the day the World Health Organization (that had previously dragged its heels) finally declared the coronavirus a pandemic. And that sent shockwaves through the markets.

WHO declares pandemic
WHO declares COVID-19 a pandemic

Asset classes around the world began to fold like a deck of cards. It turned out that nothing was safe for the mammoth selloff, not even traditional safe havens like gold. While Bitcoin showed some initial resistance, it wasn’t to be spared either, shedding around half of its value from the previous month.

While this interfered with the safe-haven narrative that many had been touting for Bitcoin, others were not surprised. Quoted in LongHash, Coin Metrics co-founder Nic Carter, commented:

In a rush to liquidity, investors sell off assets with short maturity for long-maturity assets, to cover margin calls or mortgage payments, etc. Bitcoin tends to be among the least encumbered liquid assets and it’s often not held in a tax advantaged way, so it makes sense that it would be first on the chopping block for many investors under stress.

Still, over the past 12 months, Bitcoin is up 31.50% while the S&P is down by -5.01%, despite the mammoth $2TN stimulus package.

Oil Spilled 65% of Value

If we thought the S&P had had it hard, the oil markets have been in turmoil over the last year particularly due to the COVID crisis and an ongoing price war between Russia and Saudi Arabia.

Despite coming to a temporary agreement, oil prices are still down today by 8.29%–and a whopping -65.41% from 12 months ago.

Gold the Biggest Gainer

Despite a research paper by Delphi Digital citing Bitcoin as the best-performing asset of the last 12 months, gold today is the largest gainer up 38.24% since this time last year. 

This is unsurprising as investors have traditionally flocked to gold in times of uncertainty. Moreover, there has been a squeeze on its supply as refineries have been forced to shut due to COVID-19.

If we look at the monthly gains, however, Bitcoin has outpaced gold showing a massive recovery since the brutal selloff. Bitcoin is up 24.90% from one month ago, whereas gold registers 15.69%.

With many bullish on Bitcoin ahead of its halving as a hard asset, billionaire investors like Mike Novogratz have said that now, more than ever, is the year for Bitcoin to prove its worth.

As the world’s central banks print more money and inflation will surely follow, he believes that Bitcoin will double by the end of the year and maybe even reach a new all-time high.

This opinion is also maintained by BitMEX CEO Arthur Hayes who believes the price may tumble more amid uncertainty but will end 2020 around $20K.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Christina Comben

Christina Comben

Related Posts

Bitcoin

Bitcoin Takes Center Stage As A Hedge Tool, Backed By Robert Kiyosaki

8 hours ago
Bitcoin

Bitcoin Investors Get Robust Returns In May – How Will Binance Lawsuit Affect Their Gains?

2 days ago
Rare satoshis

Rare Satoshis: The Rising Star In Crypto After BRC-20 And Meme Coins?

3 days ago
Bitcoin Whale Shark

Bitcoin Sharks & Whales Have Bought 93,000 BTC Since April Top: Santiment

1 week ago
Bitcoin

BREAKING: Bitcoin Mining Industry Spared From 30% Tax In US Debt Ceiling Deal

1 week ago
Bitcoin

Bitcoin Taker Buy Sell Ratio At Highest Since Feb, What Does It Mean?

2 weeks ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Now Trending

  • Whale Power Unleashed: Mooky Emerges as the Rival Meme Coin...

    1 week ago
  • Exploring the Meteoric Rise of Mooky: Could It Be the Next...

    1 week ago
  • Discover the Next Big Thing: Mooky.io Presale Boasting Fair...

    1 week ago

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
K8
K8

Press Releases

  • AI Investment Goldmine: Discover the 4 Cryptos That Could...

    1 hour ago
  • XRP to Reach $1 While DigiToads Is Set to 100x

    2 hours ago
  • Polygon (MATIC) Debuts Billion-Dollar Gateway, Elevating...

    4 hours ago
  • Ethereum (ETH) Set to Outpace Bitcoin (BTC) in Market Cap...

    4 hours ago
  • Beyond Meme Tokens: Discover Sub-$1 Cryptos with Unleashed...

    4 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.