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By June 18, 2022 Uncategorized 0 Comments

What is the most profitable investment vehicle this year?

Which investment tool brought more profit to its investors this year? Despite this year’s ups and downs, Bitcoin has performed strongly and has gained 32% since the beginning of the year.

Which investment vehicle is more profitable?

Bitcoin’s price has doubled since the beginning of the year. Bitcoin, which has been performing quite volatilely for six months, remains the most profitable investment instrument of the year so far.

Despite the ups and downs this year, Bitcoin has performed strongly.. It has gained 32% since the beginning of the year and outperformed gold by a large margin (100%).

Bitoin remains the most profitable investment

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Bitcoin made a strong start to 2020. In mid-February, it went from $7,200 to $10,400, gaining 44% in less than two months. However, this upward momentum did not last long.

While the concerns that started after the coronavirus epidemic shook the global markets, Bitcoin also suffered a great collapse.. After a massive hit in a single day, it fell as low as $4,121 on March 12. However, it soon started to gain momentum again and doubled in value by May.

  • See: The number of BTC wallets trading gives clues about long-term investments

Since then, the cryptocurrency has mostly moved between $9,000 and $10,000. Famous for its volatility, the cryptocurrency has gone through a relatively stable period. And it continued to be the best investment vehicle, gaining around 30% from its current price point.

Gold witnessed a similar price movement in the first half of 2020. It rallied strongly from $1,529 to $1,700 from January 1 to March 17.. But it didn’t last long.

As in all financial markets, the spot price of gold fell in mid-March. And it fell as low as $1,496 before making a comeback by mid-April..

Gold’s current level of $1,778 is also the highest price point of 2020. In fact, this level represents the highest value since July 2011 and a return on investment (ROI) of 16%..

In this case, we can say that gold has made a pretty good gain.. But it is also a fact that; this ROI of gold equates to only half of what Bitcoin gained over the same period.

By the way, it’s not just Bitcoin and gold that has seen a strong recovery since the March crash.. Many investment instruments in major markets performed impressively, including the Nasdaq index and most volatile indices..

However, the most popular stock indices, including Nikkei 225, Dow Jones and FTSE, have not yet reached the levels they saw at the beginning of the year, even though they rose again after the collapse in March.

  • See: Opportunity to buy Bitcoin with Visa card in 180 countries – Is Turkey also on the list?

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