Bitcoin Closes 2020 As Best Performing Asset Of The Last Decade
Today is the last day of 2020 — a year so many are ready to say goodbye to and never look back at. But for Bitcoin, the cryptocurrency is about to close out its most important year yet. At the same time, the asset also closes the last ten years as the best performing asset […]
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Bitcoin is the best performing mainstream financial asset of 2020 and of the last decade. No other asset since its inception has brought investors a larger return on their initial capital. And at this point, there is only one day where the cryptocurrency traded at higher prices. If Bitcoin price can close at current levels, it’ll set a new record for the most profitable month in history in terms of the candle body. Here’s why […]
Some treasury experts are finding it difficult to understand why Tesla recently bought $1.5 billion worth of Bitcoin — the best performing asset of the last decade. Corporate treasury commentators are criticizing Tesla's $1.5 billion Bitcoin splurge, echoing the well-worn rhetoric of BTC’s volatility.Speaking to Financial Times, Jerry Klein, managing director at New York-based investment management firm Treasury Partners said that there was no use case for plowing corporate cash into Bitcoin.Another critic quoted by FT, Campbell Harvey of Duke University in Durham North Carolina, called....
Bitcoin had been able to break out of its red streak earlier in the year after making 11 consecutive red weekly closes. With the market recovery, the digital asset had begun to return some green weekly closes. That is until the market correction, and bitcoin lost about $4,000 off the top of its value. This resulted in a weekly close for the prior week, and even though it looked like a recovery might be on the horizon, bitcoin has recorded another red weekly close. Two Red Closes Within the last couple of weeks, bitcoin had seen some incredible movements that had returned faith in the....
Bitcoin has been the best-performing macro asset of 2020. Dan Tapiero, a prominent macro investor and a co-founder of firms like 10T Holdings and Gold Bullion Int., thinks this will continue. He said that he can’t imagine a world where “the coin doesn’t outperform all other assets.” Bitcoin Could Be the Best Performing Asset Moving Forward, Says Macro Analyst Bitcoin has surged over 60% in the past month alone. The leading cryptocurrency has rocketed from […]
Chainlink is the best performing crypto asset of the top ten cryptocurrencies by market cap in 2020, and the years prior since it first came into existence. And although the peak in 2020 could very well be in for now, and a massive rejection just occurred at a pivotal mathematical level, a bullish chart pattern […]