Bitcoin beats gold and is more profitable in 2020

Bitcoin (BTC) has secured the position of the most profitable investment in 2020 after dwarfing the performance of gold and oil as well as the major stock indices.Since the beginning of the year, Bitcoin has experienced one of the highest volatilities ever, with its price fluctuating between a high of $ 10,446 on February 13 and a low of $ 3,800 on March 13. According to TradingView, the cryptocurrency also experienced one of the most dramatic sell-offs in its decade-long history, plummeting from $ 7,717 to $ 3,800 in a single day.

 

Bitcoin managed to recover

Despite this volatility, Bitcoin has now managed to recover most of the value lost during the mid-March crash and has risen 22.4% since the beginning of the year.Gold, on the other hand, has also had good results so far in 2020. At the beginning of the year at $ 1,529 / oz, gold rose to $ 1,700 / oz in early March before plummeting to $ 1,491 / oz in mid-March. Since then, gold has recovered to its current value of $ 1,675 / oz, an increase of 9.5% YTD.