Bitcoin is often criticized. For example, the fed Chairman Janet Yellen called it “a highly speculative asset”. There was also institutional players, who saw bitcoin as a bubble and claimed that the price will eventually fall to zero. However, the main cryptocurrency feels good. Moreover, in the first quarter of 2019 BTC profitability spared even the traditional asset markets.
In the past Warren Buffett called Bitcoin “rat poison in the second degree” and argued that will never invest in it. But later changed his mind. The argument made is very important and valuable technology of cryptocurrencies.
The CEO of JP Morgan Jamie Dimon believed the cryptocurrency “fraud” and was ridiculed depositors. But after a few months, we have witnessed the emergence of alternative cryptocurrency Coin Bank JPM.
With its historic maximum in December 2017, the price of Bitcoin has fallen by about 80 percent. By the end of December 2018, the price of the cryptocurrency has achieved the lowest marks for the last 2 years. However, during the first quarter of 2019 the price of the largest cryptocurrency by market capitalization began to grow steadily and has gained 39 percent.
Bitcoin $BTC: +39%
Oil $USO: +38%
The Nasdaq 100 $QQQ: +22%
S&P 500 $SPY: +17%
Small Caps $IWM: +17%
MLPs $AMLP: +16%
REITs $VNQ: +15%
EM $EEM: +14%
EAFE $EFA: +13%
Commodities $DBC: +12%
High Yield $HYG: +8%
Investment Grade $LQD: +6%
Bonds $AGG: +2%
Gold $GLD: -1%
— Charlie Bilello (@charliebilello) April 19, 2019
This figure is significantly more than demonstrated the traditional asset markets: the S&P500 index, gold, oil and other. Bitcoin has managed to surpass them, even in spite of a bearish market. Recall, Anthony Pompliano’d have bet a million dollars that Bitcoin will outperform traditional assets. But then no one from the opposite side, did not dare to bet.
The current rate of coins together with capitalizations, and other data can be viewed in the class ranking of cryptocurrencies. And cryptodata of hontarov get to discuss the news with like-minded people.
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