Light at the end of the tunnel?
2018 has been a challenging year for crypto, but there may be some light at the end of the tunnel.
Bitcoin is down close to 80% for the year, while most altcoins are down over 90% for the year.
However, the carnage hasn't only been exclusive to crytpo assets.
In fact, 2018 was a negative year for just about all asset classes.
Check this out:
(Source:
)https://twitter.com/Travis_Kling/status/1076660659759300611
- Travis_Kling
A record number of assets have seen negative returns for the year.
A record that goes back over 115 years!
While most haven't been hit nearly as hard as crypto, it is telling what kind of year it has been for risky assets.
Considering the stock market is just starting to roll over while bitcoin and the like are already down 80%+, there may be a decent argument to make that crypto will likely outperform most other assets next year.
If I am looking at charts of the S&P 500 and bitcoin, I know which would I would rather be buying here and which one I would rather be selling here.
Stay informed my friends.
