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Best Performing Asset of COVID-19? Crypto v. Stocks v. Commodities
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@cryptodailyfx
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From March 2020 until now, what's been the highest-performing asset of this COVID-19 pandemic? Let's take a look:
March 2020-May 2021 Weekly Chart (% Change).
From lowest to highest % gains:
Gold: 20.9% Dow Jones: 80.1% S&P 500: 82.2% NASDAQ: 94.6% Silver: 116% Russell 2000: 121% Bitcoin: 867% Ethereum: 2746%
What conclusions can we draw?
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Gold is not a hedge/flight to safety (but we already knew that).
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This was a V-shaped recovery
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Small-caps outperformed large-caps -- this applies to stocks AND cryptos.
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Crypto benefits significantly more from this global inflationary environment than stocks.
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Bitcoin performs well; legitimate altcoins (ETH) perform better.
Posted Using LeoFinance Beta