There are a lot of different opinions regarding Bitcoin’s performance in 2020. Comparing it to more traditional investments options, BTC is doing just fine. In fact, since April 2020, everything is performing surprisingly well.
All Investments in 2020 Have Performed Well
Most people tend to invest in things that gain value, which makes Bitcoin a perfect candidate.
Throughout 2020, it has become apparent that anything capable of retaining its value is equally important.
Looking at the chart below, all investments held their own quite well since April of 2020.
This is somewhat surprising, given everything that has been going on in the world.
Many people expected the COVID-19 pandemic to have a far more bearish effect on the SP500, but that hasn’t been the case.
It has not fallen much lower compared to Bitcoin in the same period, all things considered.
Gold, on the other hand, has remained bullish right up until September 2020 and is now facing some market pressure.
The same applies to Bitcoin, which hasn’t seen an extensive uptrend for over a month now.
As the SP500 begins angling down as well, one has to wonder what Q4 2020 has in store for all investments.
More bearish pressure is likely, although nothing has been determined as of yet.
A lot will hinge on how much helicopter money central banks decide to inject.
The use of CBDCs can facilitate this latter aspect, should they ever be created.
Primarily in Europe, such a digital currency may come to market a lot sooner than anticipated.
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