Bitcoin is the ‘King of the Asset Class Hill’ in 2019, analysts say

Jun03

by Sindy Cator on June 3, 2019 at 2:25 pm

Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork

Bitcoin’s price rose more than 60 percent in May — the highest monthly return in over a year and a half. This means the world’s most popular cryptocurrency has performed better than almost any global asset in 2019. Boutique analysis firm Delphi Digital even labeled Bitcoin the “King of the Asset Class Hill” in its latest market commentary, after it posted four consecutive months of solid returns. “The acceleration in BTC’s performance comes at a time when conventional risk assets, notably global equity markets, continue to see selling pressure […],” said Delphi Digital. “May’s outperformance has been especially important given the broader…