Steven ZeniosThis may come as a surprise but Bitcoin is in fact 95% up this year.
Cryptocurrency analysts have been rather vocal about the fact that Bitcoin is not performing as good, as you can see from the above image also
Hedge fund manager and cryptocurrency critic, Mark Dow, believes that Bitcoin will dip low in price and that this crash is the beginning of a “slow death”.
Investor and libertarian, Peter Schiff, believes that Bitcoin will fall below $1,000 and will continue its descent until it eventually dies out.
But some analysts and critics seem to be losing sight that Bitcoin is far from its demise if it’s up nearly 100%.
According to Charlie Bilello on Twitter, BTC is the leading asset of 2019:
2019 Returns…
Bitcoin: +96%
Nasdaq 100 $QQQ: +34%
S&P 500 $SPY: +28%
REITs $VNQ: +28%
Oil $USO: +28%
Small Caps $IWM: +23%
EAFE $EFA: +19%
Investment Grade $LQD: +17%
Gold $GLD: +14%
High Yield $HYG: +12%
EM $EEM: +11%
US Bonds $AGG: +8%
US Dollar $UUP: +5%
Cash $BIL: +2%— Charlie Bilello (@charliebilello) December 7, 2019
Just by looking at these numbers we see that Bitcoin is nowhere near “slow death” or “demise”.
According to analyst “Dave the Wave” who predicted the fall to $6,700, Bitcoin will rise to $25,000 and more about this can be found by clicking here.
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Image Source by Oracle Times
