- Woo says Bitcoin is as much a “performant” today as it was 10 years ago.
- The flagship cryptocurrency has been doing better than every other asset class. This includes US stocks bonds, gold, real estate etc.
Bitcoin has had its fair share of bull runs over the years. The very first one was in 2011 with Bitcoin at $31. We then saw a resurgence in 2013 after Bitcoin reached $1.1k.
Then, the infamous skyrocket in price to $20k happened and we’re now left pondering the question of if we will ever see something like it again on such a grand scale.
Well, Willy Woo, one of the most popular analysts in the space, says yes.
Going Strong
Before we go any further, it’s worth saying that we aren’t financial investors and this isn’t financial advice. Please do your own research before putting your money in a cryptocurrency and always remember to trade safe!
Woo says Bitcoin is as much a “performant” today as it was 10 years ago. The analyst goes onto cite that the flagship cryptocurrency has actually been doing better than every other asset class. This includes US stocks bonds, gold, real estate, emerging currencies, and even oil.
As the Bitcoin asset class inflates with value, it has outperformed every other asset class for its entire 10 year history.
— Willy Woo (@woonomic) November 18, 2019
Under the lens of ROI adjusted for risk, it's as performant today as it was in 2009, you haven't missed the boat. pic.twitter.com/2OvdonlqeP
It will be interesting to see how well BTC plays out in the future. For more news on this and other crypto updates, keep it with CryptoDaily!
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