Bitcoin (BTC) Outperforms Apple (AAPL), Tesla (TSLA) and Gold (XAU): Crypto Trader

News
Tue, 01/28/2020 - 10:09
Yuri Molchan
Crypto trader shares data revealing that since January of last year BTC has outpaced the share price of market giants, such as Tesla, Apple and Facebook, as well as gold
Cover image via 123rf.com
Contents

Despite the crypto winter that lasted throughout 2018, the Bitcoin price reversed in 2019 and at one point came close to the $13,000 mark ($12,892, July 10). After that, all the bulls could do was push the BTC price slightly above the $10,000 level. Still many analysts spoke about BTC growing a great deal in 2019.

Now, a crypto trader has stated that BTC has outperformed the share prices of global heavyweights and gold, itself.

Apple, Tesla, Facebook, gold fail to match BTC gains

Trader and investor @BTC_Macro has tweeted that over the last year Bitcoin outpaced such global giants as Facebook (with its unsuccessful Libra project so far), Apple, gold and Tesla (with its cyber truck launched in 2019).

As per the trader, Apple has done the best among these companies (gaining 115 percent), followed by Facebook (+85 percent) and Tesla (+80 percent).

Gold, which the Euro Pacific Capital CEO Peter Schiff likes to mention as superior to Bitcoin, gained 19 percent last year, whereas Bitcoin grew by 140 percent. Finally, he says:

“BTC remains the greatest investment opportunity in the world.”
Image via Twitter

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Bitcoin rallies 8 percent over the weekend: VanEck’s exec

The digital assets director at VanEck, Gabor Gurbacs, has tweeted that over the past weekend traditional markets were closed down. However, last week, as well as now, the Chinese coronavirus has been impacting both the Chinese and the US stock markets negatively.

However, Gabor Gurbacs says that Bitcoin has added eight percent to its market value. He believes this is enough to consider BTC a safe haven.

Image via Twitter
Image via Twitter

Meanwhile, Peter Schiff keeps insisting that Bitcoin is not money. Nor is it a store of value, he tweeted.

"I was right that it's not money, as it's neither a medium of exchange nor a store of value.”

‘BTC must succeed without wars or viruses’

Some in the crypto community believe that being happy with BTC rises during global disasters, such as wars, viruses or economic instability is not right.

Many experts think that the recent events, such as the US-Iran conflict, the US-China trade war and now the Chinese coronavirus are helping the BTC price grow and remain at the new highs.

Image via Twitter

 

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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