In the months near the end of 2020 bitcoin still outperformed other traditional assets.
According to a recent statistic, bitcoin beats gold to be the best investment in 2020, although this year gold is also making a pretty good return.
"Bitcoin still dominates every other investment channel when it comes to returns," said cryptocurrency data analysis firm Skew.
After closing the second-best quarter in history, bitcoin is up nearly 50% by 2020, while gold is only half as much as 25.6%.
Information about transaction: btc to eth
The S&P 500, an index for which bitcoin has shown a significant correlation this year, is also up just over 5.5% from the beginning of January. In addition, the US dollar has increased by only 2.2% year-to-date, while oil is the largest devaluation item, with WTI crude oil down nearly 35%.
bitcoin and gold
For analyst Willy Woo, bitcoin is 'eroding' the financial world and he also offers an interesting comparison between bitcoin and gold.
According to the numbers above we can also see just how superior to gold is. Investing $ 1 in bitcoin a year ago would give its owners a return of $ 1.31, while for the same amount of investment the gold side would get $ 1.27. .
The difference may be insignificant, but compared to 2017 when the price of bitcoin reached nearly $ 20,000, there will be a huge difference. For example, $ 1 invested in bitcoin 5 years ago would be worth $ 44.53 today, while $ 1 in gold would be worth $ 1.67, according to Woo figures.
In addition, Woo announced that bitcoin will soon separate from gold and other traditional markets to create a price trajectory of its own.