Bitcoin Outperforming Gold, Nasdaq, 10-Year Treasury, and S&P 500 in 2020


Bitcoin is up about 48.7 percent year-to-date, outperforming gold, the NASDAQ Composite Index, the S&P 500 Index, the US 10 Year Treasury Bond, the US Dollar Index, and the WTI Crude Oil, nearly ten months into 2020.

According to CoinMarketCap, BTC began the year at about $7,215 and is trading at $10,732 at writing.

According to CoinMetrics, Bitcoin’s link with real gold has been up and down all year, known as “digital gold” in the crypto world. The precious metal has also had a productive year during a turbulent macroeconomic climate, albeit less than BTC.

Gold was valued at around $1,540/ounce at the beginning of 2020 and, according to BullionVault, is currently priced at $1,861.68/ounce. That’s an improvement of around 20.8%.

Likewise, MarketWatch says, the NASDAQ Composite Index is up 21.63% year-to-date. The S&P 500 is just 2.09% up.

By comparison, the US Dollar Index is down 1.88 percent on the year, and crude oil is down a staggering 34.59 percent.

This year was also tough on the US 10 Year Treasury Note: at the beginning of 2020, the Wall Street Journal’s chart estimates it received a 1.877% return. It receives just 0.658% yield, a massive nearly 65% reduction.


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