Bitcoin (BTC) has started 2020 in fine style. Based on a numerous different factors, analysts believe these gains will continue too.<\/p>\n
The leading crypto asset by market capitalisation traded at around $7,250 at the start of the year. Just 30 days later, a single Bitcoin costs more than $9,300.<\/p>\n
After being crowned the most profitable investment of last decade, Bitcoin has continued to please investors going into 2020. The market capitalisation of the digital asset has increased by around 30 percent in last 30 days alone.<\/p>\n
To put that into perspective, the S&P 500 achieved 29 percent gains over all of 2019. According to a report in the New York Times<\/a>, last year was also one of the best ever years for the US stock market.<\/p>\n Cryptocurrency podcaster and partner at Morgan Creek Digital Assets Anthony Pompliano<\/a> pointed out the comparable gains of the two markets over the vastly different time periods:<\/p>\n The S&P 500 was up 29% in 2019, which marked one of the best years ever for the stock market. <\/p>\n Bitcoin is already up more than that just in the month of January.<\/p>\n — Pomp \ud83c\udf2a (@APompliano) January 30, 2020<\/a><\/p><\/blockquote>\n\n