One of the biggest investment stories of 2020 is undoubtedly Bitcoin. Investors continue to pour more money into cryptocurrencies. It is worth seeing the performance of the top cryptocurrency in the year that said goodbye to us yesterday.
As of writing this post, Bitcoin reached a historic high of more than $31,000.
Investors who invested $1,000 in bitcoin on January 1, 2020, could buy 0.13966 bitcoin.
As we speak the price is attempting to break the $32,000 mark. So, 0.13966 Bitcoin is now worth $4,383.79. That translates into a yield of 438%.
Not to shabby, right?
Bitcoin’s performance in 2020 outpaced the broader market and popular high-cap companies such as Apple and Amazon.com, which since the beginning of the year have made gains of 80% and 75% respectively.
Tesla’s stock has strengthened 660% since the beginning of the year and its performance also exceeds that of bitcoin.