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Home Cryptocurrency news Bitcoin

Bitcoin Leads Poll With Public Predicting ‘Best Performing Asset in 2020’

Tony Spilotro by Tony Spilotro
7 months ago
in Bitcoin, Cryptocurrency news
Reading Time: 3min read
bitcoin best performing asset 2020
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Bitcoin has been the best performing asset in finance history, rising over a million percent from its early days to current prices. It may come as no surprise then that the first-ever cryptocurrency is currently leading a public poll where respondents believe it’ll also be the “best performing asset of 2020.”

Is 2020 The Year The First Ever Cryptocurrency Recovers From The 2017 Bubble Burst?

The general public mostly learned about Bitcoin late, just as the asset broke over $10,000 in Q4 2017 and weeks later set a record at $20,000 for the highest price ever achieved. To much of the world, Bitcoin has performed negatively in their eyes.

But since the asset was first created, it has risen from $0.0008 per BTC to currently trading at just under $9,500. This astronomical rise is unmatched by any other asset and took place over the course of just a decade.

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Another decade of price action could see the asset reaching lofty price predictions made by experts, that reach as high as $100,000 to $1 million per BTC.

Related Reading | Chartered Market Technician Claims Crypto Poised For Strong Uptrend

The asset’s growth could come due to combination of a number of things. Its hard-coded digital scarcity acting as a hedge against inflation. The fact it makes a great contactless payment method could boost adoption in what appears to be the new post-pandemic norm. It could even replace the dollar as the global reserve currency

The asset acting as a digital store of value while riots and robberies take place is yet another standout benefit that could help boost interest in the asset in the future.

After nearly three full years of a downtrend, and with the asset’s halving now behind us, it may simply be time for a new uptrend and market cycle to begin.

The best performing asset in 2020 will be…

— TradingView (@tradingview) June 18, 2020

TradingView Poll Reveals Bitcoin As The Best Performing Asset in 2020, As Voted On By The Public

Whatever the reason for Bitcoin’s continued bullishness, investors are taking note. It has caused Bitcoin to take the lead in a public Twitter poll being run by technical analysis charting software company, TradingView.

TradingView provides tools crypto analysts and traders rely on to predict future price movements. These critical tools are available beyond just Bitcoin and altcoins, however. Charts for traditional assets like the S&P 500 or gold are also offered.

These two other assets were also listed alongside Bitcoin as the other selections in the poll. There’s a fourth and final selection for “Other,” prompting users to leave a reply with their choice below.

Related Reading | Decision Time: Top Crypto Traders Expect Massive Bitcoin Move In Days Ahead 

Responses are jam-packed with altcoins, and even USD. However, when looking at past performance, Bitcoin is likely to be the clear winner.

The fact that Bitcoin is being recognized as the better performer next to gold during a recession, and the S&P 500 during one of the strongest rallies in the stock market history, bodes extremely well for Bitcoin.

As soon as the bullish sentiment overtakes selling pressure, a breakout will send BItcoin soaring. If a new all-time high is reached in 2020, all while the stock market collapses, the respondents in the poll are very likely to have voted correctly, and the cryptocurrency will close out the year as the best performing asset.

Tags: bitcoinbtcbtcusdBTCUSDTcryptoxbtxbtusd
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Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a digital media executive and global remote work leader with a decade of content experience and excellent. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter and feel free to drop me a line if you would like to work together.

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