Fundstrat’s head of research, Thomas Lee unveiled some of the interesting insights about the performance of top asset classes in 2019 and 2020 (Year to date). Per the research, Bitcoin tops the highest performing asset class so far in 2020. 

The world’s largest cryptocurrency by market cap is currently plunging by 11.14 percent within the past 24Hrs. This dip made the news following the upcoming bitcoin halving event which will cut the mining reward in half. It’s worth noting that after the halving on may 11th, mining reward will be reduced from 12.5 btc to 6.5btc/block- that being said, the revenues of miners will be reduced to 900 BTC from 1800 BTC as per the rough estimates by Woo report. 

Amidst the halving news around, Fundstrat’s Thomas lee shared research insights, noting that the crowning cryptocurrency has gained 30% since the start of 2020. More so, the figure also highlighted that the currency has out formed other asset classes in 2019, noticeably, it had gained 92.2% returns last year. 

 The screenshot also shares the data of another top 13 asset classes including Nasdaq, S&P 500, US Treasuries, Gold, and many others. Lee in his Twitter post mentioned that Bitcoin outperformed in 2020, beating Treasuries and Gold which are appearing with the surge of 21% and 13% respectively. 

It’s worth adding that the price of Bitcoin was flirting with the five-figure, i.e $10K but has dropped to four-figure just on Sunday.