Bitcoin (BTC) best performing asset in 2019, despite price declines

in #bitcoin5 years ago

Bitcoin (BTC) outperforms other major assets such as gold and the S&P 500 index in 2019. BTC started the year just over $3,000 and is now above the $8,000 mark. Investors who invested on the last day of 2018 have a more than good return.

Disclaimer: This is not investment advice.

Better investments?
On January 1, the price was $3,746. At the moment of writing we are looking at a BTC price of $8.270. That is an increase of more than 120%.

It is difficult to find better investments than the largest crypto currency this year. Gold? An increase of 17%, while the S&P stock index lost 500 21%.

Small market
Goldman Sachs named tech company shares as this year's best performing investment. It thus beats categories such as government bonds and gold. And bitcoin? And bitcoin is not even included in the report.

The market is still relatively small at the moment. The S&P 500 currently has a market capitalization of over $24,000 billion. Bitcoin is not even at $150 billion.

So bitcoin has done very well this year against the bigger and better known investment opportunities. But the 'institutional investor' still doesn't seem to have found an easy way into the world of BTC. This may be due to a lack of interest, or the right ways are not yet being offered.

Intercontinental Exchange (ICE) launched their bitcoin derivatives market called Bakkt last month. The volume and interest is disappointing for the time being: in the first week contracts were signed for 'only' $5.2 million. ICE managed some $92 billion in assets in 2018, to put this into perspective as well.

Sources: https://www.coindesk.com/bitcoin-is-2019s-best-performing-asset-even-after-recent-price-downturn
https://www.google.com/search
Disclaimer: This article is also posted on Publish0x by the same author!

Coin Marketplace

STEEM 0.19
TRX 0.15
JST 0.029
BTC 63348.66
ETH 2668.99
USDT 1.00
SBD 2.78