Bitcoin (BTC) Outperformed S&P500 (SPX) YTD by More Than 10 Times

Bitcoin shows excellent returns for its investors in 2020, overtaking classic assets in terms of profitability.

Image source: Twitter @binance

Bitcoin is up about 48.7 percent year to date, nearly 10 months to 2020, and is above the S&P 500 Index which is only 4.73%.

Image source: Twitter @sethginns

Bitcoin's association with physical gold is known in the crypto-world as "digital gold." The precious metal also had a good year, albeit less than BTC, in the middle of a turbulent macroeconomic climate.

Bitcoin has reversed its 12th March decline and traded beyond the pace of pre-plunge. BTC indicates that the forthcoming halving on May 12th would improve its stability, causing a lower output rate of the latest Bitcoin.

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Source: The Tradable

An Expert Published a Negative Scenario For Bitcoin (BTC) Based on Lengthened Growth Cycles

Despite the fact that Bitcoin is in a global uptrend, growth cycles stretch over time, which can affect the price reaching new historical highs.

Usman Salis E-mail

Usman has been in the blockchain space for 9 years and written dozens of articles about crypto in his career. He wants to put crypto on the global map.