Bitcoin’s recent recovery from its mid-March lows has allowed it to outperform gold and virtually all major markets this year
This strength has even allowed it to see over twice the returns that gold has seen – boosting the “digital gold” narrative that was popularized in 2019
One prominent investor isn’t impressed with BTC’s performance, however, and believes that the risk-reward ratio still makes it a bad investment
Bitcoin has seen some extraordinary price action throughout 2020. It rallied from its yearly open around $7,000 to highs of $10,500 in mid-February, before then beginning a capitulatory descent that led it to lows of $3,800.
The rebound from these lows has allowed it to erase virtually all the losses that had come about as a result of the recent downtrend and has also allowed it to post a stark…
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