Bitcoin YTD Performance Exceeds 140%, Outperforms Most Traditional Assets

Bitcoin ended the year 2018 on a painful downward trend. After having reached an all-time high of $20,000 in 2017, the cryptocurrency dramatically dropped to below $3,800 at the end of 2018.

Now, the outlook for BTC appears brighter this year. Bitcoin price ended October 2019 on a pretty bullish note. By rising from a five-month low under $7,500 and returning firmly to its path toward smashing the $10,000 price mark.

To continue the story further, this year, bitcoin is significantly outperforming not only other cryptocurrencies but also key traditional assets.

Indeed, the number one cryptocurrency’s YTD performance of ~140% outshines Nasdaq 100 (28.93%), IBM (19.23%), Apple (62.8%), and oil (21.06%). Read More...