222 days ago • Posted by Charles-Henry Monchau

Bitcoin surge widens Crypto’s lead over Gold as Top Asset of 2020

Bitcoin’s surge during U.S. election week has pulled cryptocurrency performance further ahead of major asset classes this year. The Bloomberg Galaxy Crypto Index of digital currencies, including Bitcoin, is up about 120% in 2020, exceeding gold’s near 30% jump. The crypto index has rallied some 11% during a three-day streak since election day, a period when the dollar fell to a 2018 low. Crypto believers say an escalating pandemic and sliding greenback amid ever looser monetary policy will spur more gains as investors seek stores of value. Source: Bloomberg

Selected asset classes performance in 2020