Despite the collapse due to the recent crisis in global financial markets, a report reveals that Bitcoin is the asset that has generated the highest economic return in the last 12 months.
The analysis, carried out by Delphi Digital and Posted in Forbes, compares the current market value of some of the main asset classes in the financial markets with their respective value 12 months ago.
In mid-April 2019, BTC was priced at around $ 5,200, while today it is around $ 6,900, so it has grown almost 33% in the last 12 months.
The same cannot be said for the other major asset classes, whose market value after the mid-March crisis has in many cases even plummeted to values well below those of 2019.
In other words, the mid-March downturn has affected virtually all asset classes, including gold, but as for bitcoin, its price has not returned to last year's lows and, meanwhile, it has already regained ground.
These two factors have not always been reflected in the price performance of the other major asset classes in the past 12 months.
However, there are individual assets, or small subgroups, that have outperformed BTC, such as palladium, while the entire precious metal asset class has underperformed.
Some asset classes have shown positive performance in the past 12 months, while others are still in negative territory.
Among all the main ones, the one that has performed worse is oil, whose price today is even 60% lower than a year ago.
Delphi Digital's report states:
With that said, we would like to quickly point out that bitcoin outperformed almost all major asset classes in the past 12 months (+ 40%) despite its most recent 50% decline. Again, time horizons are important. "
The report also reveals that there is a certain correlation between overall volatility in global financial markets and declines in bitcoin prices, adding that if the stock sector were to fall again, bitcoin could follow suit.