Bitcoin Leaves Other Asset Classes in Dust as Market Stars Align
By CCN Markets: Investors who are not generating returns in 2019 are clearly looking in the wrong place. Considering bitcoin claimed a fresh 2019 high to nearly $9,400 over the weekend, other asset classes have a hard act to follow. Gains across the stock market and commodities including oil and precious metals such as gold pale in comparison to bitcoin’s, and investors must be kicking themselves for not recognizing the opportunity in crypto. There’s no shortage of explanations as to what is fueling bitcoin’s rise, ranging from the U.S./China trade war to Facebook’s new stablecoin to the Federal Reserve.
The Fed begins a two-day meeting this week. | Source: Twitter
The Wall Street Journal illustrated the disparity in the returns, pointing out that while bitcoin is up more than 150% year-to-date, the broader stock market, as well as crude oil and gold futures, is far behind. While the S&P 500 and oil are both up by a double-digit percentage, gold is in last place with returns of less than 5%.
Bitcoin is leaving other asset classes in the dust. | Source: Wall Street Journal
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