Is the proverbial winter over for Bitcoin just yet? Well, it’s too early to draw a conclusion even for the most hardcore Bitcoin bull out there. However, based on some newly available cold, hard data, it appears the world’s leading cryptocurrency is outmaneuvering pretty much any other rallying asset class — be it crude oil, stocks, or lean hogs.
The Bitcoin Rally Continues
As this recent report by the Wall Street Journal points out, the year 2019 has so far been largely positive for most asset classes. Only 11 out of 70 have posted negative returns and Bitcoin was definitely not one of them.
Bitcoin Year-to-date change. Source: WSJ
April brought a pretty wholesome start to the quarter for Bitcoin as it soared 20% right on the second of the month. Barring a few occasional hiccups…