Bitcoin improves performance before gold

The growth recently shown by bitcoin placed it as the highest performing asset so far in 2020, over gold and oil.

In the four months that have elapsed this year, and despite the fall it reported in March, assets showed better performance against gold, which rose 13% and oil, which decreased 70%.

This recovery shown by the cryptocurrency occurs two weeks after halving, the event where the number of new bitcoins created will decrease by 50%

This is just the third time halving has occurred in Bitcoin’s 11-year history, and some market analysts believe it could push the cryptocurrency’s price to new all-time highs this year.

Digital assets and gold have made significant gains since March, when the world was quarantined due to the coronavirus.

K. Tovar

Source: Descifrado