It’s safe to say that Bitcoin (BTC) is having a good start in 2019. The cryptocurrency gained around 40 percent of its value since the beginning of the year. Interestingly enough, it is now outpeforming NASDAQ, the S&P 500 as well as most commodities including gold and oil.
Bitcoin Outperforms NASDAQ 100 (NDX)
Bitcoin is often compared to stocks and traditional assets, particularly in terms of price valuation. As Bitcoinist reported last year, the cryptocurrency has managed to outperform the stock value of marquee companies such as Amazon, JD.com, and iQiyi.
With Q1 2019 already behind us, BTC/USD has been performing comparatively better than a lot of traditional assets, stocks, and indexes.
Bitcoin price 00 is up 40 percent so far in 2019. Nasdaq 100 (NDX), on the other hand, which is an index tracking the stock prices of companies like Amazon, Facebook, Google, Microsoft, and so forth, is only up by about 22 percent.
Standard & Poor’s 500 Index (S&P 500), one of the most prominently used investment indexes on the…