Bitcoin Beats Stock Performance, Return Of Digital Gold?

Ever since losing around 80% of its value from its all-time high, Bitcoin has been questioned as a store of value and a digital equal to gold. The digital currency still records the best performance for any asset across the last decade, but critics are fast to point out past year’s losses.

However, Bitcoin might be set to take control of its narrative once again as the digital version of gold, the cryptocurrency outperformed legacy financial markets and managed to hold off the bears from its current levels. At the time of writing, BTC’s price trades at $20,000 with a 4% profit over the last 24 hours.

Bitcoin Holds The Line As Equities Trend To The Downside

Data provided by Arthur Hayes, founder at crypto exchange BitMEX, shows a growing correlation between Bitcoin and major equity indexes. As the U.S. Federal Re