Fintech News

Bitcoin SV 12-Month Performance Surpasses Gold, Stocks & Other Digital Currencies

Bitcoin SV 12-Month Performance Surpasses Gold, Stocks & Other Digital Currencies

As we close off the opening quarter of 2020, we review the results of the past 12 months in the financial markets across different asset classes ranging from stocks, precious metals and digital currencies.

All of these assets share a common goal to provide individuals with a means to have a store of value that can preserve and increase wealth.

Read More: Remitly Partners With Alipay to Offer International Remittances

What was the best return on investment over the past 12 months across the different assets?

Infographic – https://mma.prnewswire.com/media/1141587/Bitcoin_SV_Infographic.jpg

Source: www.tradingview.com

By far the performing asset over the past 12 months was Bitcoin SV (BSV), which saw a +147.50% increase in its value—nearly three times the amount of BTC and seven times the return of a universal safe haven gold. Ethereum (ETH), which has the second largest market cap in the digital asset industry, actually regressed -7.8% in value.

Read More: WorldRemit Partners with Wizall Money to Launch its First Mobile Money Transfer Service to Senegal

The S&P 500 and DJIA who continued to ride the biggest bull run in stock market history in the recent month had a decline to experience negative yields overall. It didn’t make a difference though as it still fell short against BSV overall by a very large margin of over +150%. This disproves the theory that all digital assets are correlated with traditional markets, however this may still ring true for digital currencies that are speculative in nature only and have no intrinsic value like BTC and ETH.

Read More: Celsius Network and Prime Trust partner to secure depositors funds and offer low-cost credit

Related posts

DMG Invests US$2 Million in Bosonic’s Crypto Trading Platform

Fintech News Desk

HSBC Launches New Service with Biz2Credit to Streamline Banking for Small Businesses in the US

Fintech News Desk

Economical Insurance Selects Docebo to Transform the Learning Experience for Employees and Brokers

Fintech News Desk
1