The 12 months 2019 is coming to an finish. So, it’s time to mark a milestone, pause for reflection, and take inventory of how bitcoin did this 12 months versus 2018. The excellent news is that BTC had a outstanding restoration in 2019. And as soon as once more, the king of cryptocurrencies is outperforming the standard asset class.

Bitcoin YTD Efficiency over 140%

Bitcoin ended the 12 months 2018 on a painful downward development. After having reached an all-time excessive of $20,000 in 2017, the cryptocurrency dramatically dropped to beneath $3,800 on the finish of 2018.

Now, the outlook for BTC seems brighter this 12 months. Bitcoin worth ended October 2019 on a fairly bullish notice. By rising from a five-month low beneath $7,500 and returning firmly to its path towards smashing the $10,000 worth mark.

To proceed the story additional, this 12 months, bitcoin is considerably outperforming not solely different cryptocurrencies but in addition key conventional belongings.

Certainly, the primary cryptocurrency’s YTD efficiency of ~140% outshines Nasdaq 100 (28.93%), IBM (19.23%), Apple (62.8%), and oil (21.06%).

Most notably, gold, Bitcoin’s competitor as a safe-haven funding, has solely registered 14.53% features YTD .

BTC on Observe to Turn into 2019’s Finest-Performing Asset

With its spectacular performance, bitcoin actually already deserves the title of 2019’s best-performing asset.

Most significantly, despite volatility, and remaining properly beneath its 2019 excessive of over $12,500, information means that BTC’s restoration is simply getting began. For instance, as of this writing, Bitcoin is hovering round 00. For a lot of, this worth signifies that crypto winter is over. In impact, Delphi Digital’s BTC newest month-to-month outlook report concludes,

After constantly declining because the YTD worth peak in June, the amount has come again to life on this latest resurgence, giving credence to the concept the underside is behind us.

Different indicators too recommend bitcoin’s 2019 return to bullishness in addition to the strengthening of its community. On this regard, Anthony Pompliano, co-founder and associate at Morgan Creek Digital, pointed out,

195 days till the subsequent Bitcoin halving. Lower than Three million Bitcoin left to mine. Hash fee retains hitting all-time highs. We’re watching the strongest laptop community on this planet proceed to get stronger and stronger.

What do you consider bitcoin’s outlook for 2020? Tell us your ideas within the feedback beneath!


Photos through Shutterstock, Twitter: @charliebilello,

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