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Best performing asset class in 2020 so far
By Data Science Investor  •  August 19, 2020
Which asset class do you think has performed the best in 2020 so far? Stocks? Vanguard Total Stock Market ETF returns ~2% till date. Long term Treasury bonds? Reasonable choice. iShares 20+ Year Treasury Bond ETF returns ~27% till date. Gold? Not a bad choice. iShares Gold Trust returns ~30% till date. However, one asset class has a stellar performance in 2020 so far. And its return is even higher than that of gold. And that is Bitcoin. Bitcoin has a return of ~70% till date! That dwarfs the performance of all other asset classes in 2020. I wrote an article earlier about Bitcoin about 8 months ago. Back then, Bitcoin wasn't having a stellar performance in 2019. I highlighted the fact that the Bitcoin halving in 2020 might have a positive impact on its prices (just like all its other halving events in 2012 and 2016). Since its halving in May 2020, Bitcoin already has a growth of ~40% in just 3 months' time....
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By Data Science Investor
This is a site to publish my findings and research which are based on data science to aid you in your decision making process for investments in stocks and property, particularly in the Singapore market.
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