Bitcoin (BTC) Still Reigning King Over Traditional Assets This Year; Posting an 111% Return


  • Bitcoin has seen a 191% increase in returns this year.
  • No one is betting against two Morgan Creek Digital executives who believe that Bitcoin will outperform traditional assets for the next decade.

Bitcoin is having a good year, which is an especially positive contrast to what the industry experienced last year. The total value fell last year by 84% from the impressive highs of the end of 2017. By the end of the year, Bitcoin was down to $3,122 in December 2018, and there were plenty of naysayers in the traditional market that believed that Bitcoin would reach a $0 valuation. However, it looks like the industry was not going to let that happen, because Bitcoin has seen an increase of 191%, as of May 27th, 2019.

Anyone who was part of the bull market that took over the second half of 2017 was not that surprised that Bitcoin is having a positive year so far right now. However, for the supporters of the gold, bonds, and other traditional markets, this surge was surprising, and some people are even saying that Bitcoin is completely unsafe. However, it is worth noting that that none of these surprised individuals are actually betting against Bitcoin since it is performing better than every traditional asset presently on the market.

Right now, Morgan Creek Digital’s Mark Yusko and Anthony Pompliano have bet that Bitcoin will outperform the S&P for the next decade, placing $1 million on the line in the process. So far, there are no takers, which shows that there are plenty of people that believe in Bitcoin’s potential for performing better than the traditional market.

Throughout this year, Bitcoin’s highest price is a 191.35% increase from before 2019. One crypto writer and investor, Charlie Bilello, posted to Twitter about the performance of multiple assets, compared to their returns, including Bitcoin in the mix.

As seen in the tweet, S&P500 only saw 16% in returns, while Bitcoin reached over 100% in returns. Even the emerging markets that analysts believe coincide with Bitcoin’s movements have only seen a 5% increase, while Bonds, Commodities, and Gold show 4%.

One user on Twitter questioned if this type of listing was meant to show that they were all available through a regulated exchange. Another user said that, while the tweets were enjoyable, it would be better to see the returns for the last two or three years.

Presently, Bitcoin is priced at $7,966.11, gaining 2.41% of its value in the last 24 hours. For the last 30 days, the highest price that Bitcoin has seen was $9,008.31 at the end of May.

Bitcoin (BTC) Live Price

1 BTC/USD =$57,195.8089 change ~ 5.89%

Coin Market Cap

$1.07 Trillion

24 Hour Volume

$27.75 Billion

24 Hour VWAP

$55.89 K

24 Hour Change

$3,366.61

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide