New Research: Bitcoin is the Best Performing Asset Class in 2020
With few days to go before Bitcoin halving, a new research conducted by Fundstrat indicates that Bitcoin currently the best performing asset class so far this year.
Thomas Lee from Fundstrat posted on Twitter the results of the research which shows that Bitcoin has so far this year outperformed all other asset classes by about 19% and Bitcoin has so far gained about 39% in value from the start of this year.
According to the research the 20-year US treasures come in second place having gained by 21.1% this year, gold was ranked third at 12.5%, while US treasuries come in at fourth 8.9% gain this year.
The research also revealed that world government bonds as well as Nasdaq surged by 1.8% as well as 1.7% respectively. The research also revealed that high-grade US credit as well as cash funds increased at 0.5%. However, the research also indicated that the rest of the asset classes are at the moment in the red.
The research also analyzed the performance of the best performing 13 asset classes in last year, where Bitcoin was also ranked the first with a gain of 92.2% over the last 12-month. Nasdaq came in second with a gain of 35.2%, S&P 500 came third with 28.9% while MSCI World Index was ranked fourth with a gain of 25.2%.
According to the research, Bitcoin was also the top performer among assets in 2017 gaining more than 1,550%.
Bitcoin has gained more than 30 percent since January making the king coin the fifth-strongest cryptocurrency among the top ten cryptos as per market capitalization.
However, Bitcoin SV (BSV) is the biggest gainer in 2020 among cryptocurrencies as it has increased by 115% as it has raised from $98 to $210.5. Tezos (XTZ) has also performed exemplary and is ranked second having gained by 107.5% rising from $1.35 to $2.80. Ether (ETH) and Stellar (XLM) are also ranked high as biggest gainers 61%.