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Topic: Bloomberg: Crypto Is Beating Gold as 2020’s Top Asset So Far (Read 140 times)
I was never a fan of gold anyway 
Crypto Is Beating Gold as 2020’s Top Asset So Far
https://finance.yahoo.com/news/crypto-beating-gold-2020-top-210000278.html
Crypto Is Beating Gold as 2020’s Top Asset So Far
https://finance.yahoo.com/news/crypto-beating-gold-2020-top-210000278.html
Quote
(Bloomberg) -- A cryptocurrency mania known as decentralized finance has helped to turn digital currencies into this year’s best-performing asset by far.
The Bloomberg Galaxy Crypto Index of digital coins is up about 66% in 2020, exceeding gold’s jump of more than 20% as well as returns from global stocks, bonds and commodities. A key reason for the move higher is a surge in Ethereum, which accounts for more than a third of the crypto gauge’s weight.
...
Aside from DeFi, proponents of digital currencies such as Bitcoin argue they offer a store of value amid concern that huge stimulus injections to counter the pandemic will stoke inflation and weaken the dollar.
The Bloomberg Galaxy Crypto Index of digital coins is up about 66% in 2020, exceeding gold’s jump of more than 20% as well as returns from global stocks, bonds and commodities. A key reason for the move higher is a surge in Ethereum, which accounts for more than a third of the crypto gauge’s weight.
...
Aside from DeFi, proponents of digital currencies such as Bitcoin argue they offer a store of value amid concern that huge stimulus injections to counter the pandemic will stoke inflation and weaken the dollar.
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