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Why Was Bitcoin Crowned ‘Best Investment of 2019’ By Mainstream Media? ₿👑😊📰🗞️
90 percent of all major asset classes posted positive dollar returns this April, with Bitcoin leading the way. What’s more surprising? That BTC rallied by more than 50 percent or that the Wall Street Journal recognized it as the biggest winner?
Bitcoin Best Investment By Far
It wasn’t only Bitcoin that had a disastrous 2018. According to the WSJ, a record 87 percent of all assets plummeted by the close of the year. That includes stocks, commodities, bonds, and credit markets.
However, April 2019 saw a dramatic recovery almost entirely across the board. 90 percent of the 70 asset classes tracked by Deutsche Bank AG made a come back last month, including oil prices and global bonds. However:
Cryptocurrencies have been among the biggest winners of all, with bitcoin rallying more than 50% and recently reclaiming $5,000 after last year’s bust.
We Told You So
In case you haven’t been taking note, Bitcoinist has reported many times on the virtues of buying Bitcoin.
It’s better than gold. It’s better than Apple Stock. 30 percent of young adults prefer Bitcoin to stocks.
Its market dominance is indisputable–and it’s already worth around 720,000,000 percent more than its original price. What other asset class can provide returns like that?
Some Investors Remain Skeptical
Not all investors are rubbing their hands with glee at April’s record-breaking bounceback. Peter Atwater, a research analyst and an adjunct lecturer at The College of William & Mary, quoted in WSJ exclaimed:
It’s been like a bungee jump on a slingshot.
Yet this time around, it’s not just Bitcoin they’re wary of. What seems to be the problem is the correlation between almost all markets.
With all but 10 percent of asset classes following the same pattern as the stock market, analysts are troubled. ..
