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....