Bitcoin Greatly Outperforms Top Stocks in 2019 After Surviving Crypto Winter: DataLight Report

Libra Coin News
Fri, 08/16/2019 - 14:39
Alex Dovbnya
These numbers fly in the face of naysayers who claim that BTC is not a valuable investment
Cover image via 123rf.com
Contents

2019 has been a magnificent year for Bitcoin investors (so far). According to cryptocurrency analytics startup DataLight, Bitcoin has generated significantly greater returns in 2019 than the stocks of top companies by market capitalization, including Amazon. 

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A stellar Bitcoin rally

Bitcoin lost its first place to Jeff Bezos-owned giant back in May 2018 when the ruthless crypto winter followed the speculative bubble. Eventually, Bitcoin fell below all these companies on the list after it hit $3,100 by the end of the year.     

On Apr. 2, the crypto king suddenly crossed the Rubicon when investors witnessed a 20 percent green candle that kicked off the bull market. Overall, the BTC price has more than tripled since bottoming out in December, crossing the much-coveted $10,000 mark.

Overall, BTC has managed to outperform pretty much every digital asset in 2019, including oil, gold, and bonds despite multiple brutal price corrections. 

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There is always another boat

Another DataLight study highlights that Bitcoin is the most profitable cryptocurrency of all time (by a yuge margin). If you had invested in BTC back in June, you would have pocketed a 1.3 mln percent return.

While it seems like you might have missed the boat with crypto, there is always a chance to find another gem. For example, little-known altcoin Egretia (EGT) stormed into the CMC top 50 in 2019 with an eye-popping 15,000 percent price increase at the peak of its rally.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.