Ever since the crypto industry started making waves and attracting mass attention, there have been many debates as to whether they’re really better than traditional investments like stocks and bonds. Being the first and currently the most valuable crypto, Bitcoin is now ending this debate – if the market situation in 2019 is anything to go by.
After the crypto peak of 2017 that saw Bitcoin reach the ATH of $20k, the coin’s value went downhill over the following year, closing 2018 below the $3,800 mark. Now, 2019 is looking really good for Bitcoin especially after the end of the crypto winter back in April. In fact, since the beginning of the year, Bitcoin has gained by over 140%.
Gold Lags Behind BTC
While Bitcoin is gaining huge bounds, a simple comparison between it and the traditional assets reveals that the crypto is way ahead. For example, according to a twitter post by Charlie Bilello, Nasdaq has gained by just 30%, S&P 500 by 24%, US Dollar by 4%, and Oil by 21%. Compared to Bitcoin’s 140%, these other assets are clearly beaten.
Even more interesting is the fact that Gold is nowhere near putting up a fight against Bitcoin in terms of value increase. Gold (GLD) has only managed to gain 18% since the start of 2019.
This comparison between Gold and Bitcoin is particularly important considering that Bitcoin has been heavily touted as being the digital Gold that could one day dethrone Gold and become the most preferred store of value.
Bitcoin Could Be The Best For The Year
The year is ending, and looking at the current figures, it’s pretty clear that Bitcoin may very well close the year at the top of the list of the best-performing assets in 2019.
Also, it will be interesting to see just how much more the crypto can add before the end of the year now that the crypto winter is officially over.