• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
bitcoin best performing asset 2020

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

Tony "The Bull" by Tony "The Bull"
3 years ago
in Bitcoin, Cryptocurrency Market News
Reading Time: 3 mins read

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.

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
Tweet123Share196ShareSend
Tony "The Bull"

Tony "The Bull"

Tony is the “always-on” Editorial Director and Head of Research at NewsBTC, leading a talented team of writers and editors across several different global time zones. Tony is also the founder of CoinChartist.io – an educational website focused on crypto trading. Partners include Elliott Wave International, TradingView, and more. Tony’s background includes an extensive, award-winning media production career and over fifteen years of publishing operations and management. In the past, Tony has founded several media websites and his content has been read billions of times. Past clients include the BBC, Fidelity, and many others. Tony "The Bull" is a level 3 CMT student (passed level 1 & 2), technical analyst, Bitcoin supporter, and avid speculator. He owns a python named Satoshi. Tony longs for the day when money is separated from the state. Tony is deeply fascinated by core market principles such as Elliott Wave Theory as they tie into mathematics like Fibonacci ratios. Market timing though DeMark indicators, Ichimoku, Gann tools, or Hurst Cycle Theory are also of key interest. Tony provides completely original content driven by exclusive, independent research. For more insights and education from Tony, check out his free TonyTradesBTC Telegram channel. Follow @TonyTheBullBTC on Twitter. You can also follow @CoinChartist_io on Twitter and subscribe on YouTube.

Related Posts

Is XRP About to Surprise Traders and Hit $1 In June? Analysts Pick Best Crypto to Buy Now as Ripple Lawsuit Verdict Approaches Conclusion

Is XRP About to Surprise Traders and Hit $1 In June? Analysts Pick Best Crypto to Buy Now as Ripple Lawsuit Verdict Approaches Conclusion

24 mins ago
Shiba Inu

Shiba Inu (SHIB) Poised For Significant Breakout: Here’s What To Watch Out For

3 hours ago
Best Baccarat Online Casinos – Online Baccarat for Real Money

Best Baccarat Online Casinos – Online Baccarat for Real Money

22 hours ago
Optimism

Bedrock Upgrade: How Optimism Game-Changer Could Impact OP Price

1 day ago
XR[

XRP Climbs 12% As Crypto Celebrates 11-Year Milestone

2 days ago
ARB

Whale’s ARB Accumulation Rekindles Momentum For DeFi Token – Here’s Why

2 days ago

Premium Partners

Play Finance

Now Trending

  • Potential 20x+ Crypto Presales 2023

    4 days ago
  • Willing to buy new crypto: Here are the best 10...

    5 days ago
  • Best Crypto Meme Coin Presales in 2023

    5 days ago

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

  • Veteran Traders Are Thinking Beyond BTC and ETH to Navigate...

    8 mins ago
  • Sphere Financial Inc: Transforming the World of Finance...

    13 hours ago
  • As Pepe (PEPE) Hype Becomes History, DigiToads (TOADS)...

    17 hours ago
  • InQubeta (QUBE) Could Overtake Aave (AAVE) in Market Cap...

    17 hours ago
  • AI Analytics: SingularityNET, Ripple, and The Sandbox Top...

    18 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Claim 7 BTC

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.