5 High-Growth Stocks That Crushed Bitcoin in 2020
One of the craziest years on Wall Street will be over in just 10 days. This year, investors have navigated their way through a 34% loss in the broad-based S&P 500 in less than five weeks, as well as a greater than 80% bounce in the technology-dependent Nasdaq Composite since the March 23 bear market bottom.
Despite these wild swings, one asset class that's proved virtually unstoppable in 2020 is cryptocurrency. Though it may not be the top-performing digital currency by percentage terms this year, all eyes are most certainly on bitcoin.
The world's largest cryptocurrency has effectively tripled since the year began, which is a roughly 185-percentage-point outperformance of the benchmark S&P 500. Bitcoin also accounts for close to two-thirds of the more than $600 billion in aggregate market value of every cryptocurrency in existence.
Source Fool.com
