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- A popular crypto analyst Willy Woo notified in a series of Tweets that Bitcoin (BTC) performance was far better than gold and stocks amid COVID-19 pandemic.
- The trader shared a chart that depicts Bitcoin is a much better edging asset than gold or stocks at the time of the quarantine period.
- Further moving on the thread, the crypto trader pointed about Gold and its role as a safe haven.
A popular crypto analyst Willy Woo notified in a series of Tweets that Bitcoin (BTC) performance was far better than gold and stocks amid COVID-19 pandemic.
Bitcoin is Much Better Hedging Asset than Gold
The trader shared a chart that depicts Bitcoin is a much better hedging asset. As compared to gold or stocks at the time of the quarantine period. However, he stated on Twitter comparing how Bitcoin fared against gold & stocks in the COVID-19 “black swan crash.”
Here's an apples for apples comparison of how Bitcoin fared against Gold & Stocks in the COVID19 black swan crash.
Note: it's not the about the absolute gain/loss but the gains/loss adjusted by risk you're exposed to. Manage that with % allocation. pic.twitter.com/L7c4T7Y0ZC
— Willy Woo (@woonomic) June 3, 2020
Besides this, the “Bitcoin risk-adjusted returns vs other assets” chart posted by Woo shows the biggest gainer and the top loser from 2014 until 2019. Here, Peter Schiff’s ardent love is found in the second rank.
While the shortest bearish curve describes BTC that outperformed both Gold and Stocks.
Comparing Bitcoin, Gold, and Stocks
Further moving on the thread, the crypto trader pointed about Gold and its role as a safe haven. He added, investors who understand and use it were further in the mayhem of the world than bitcoins or stocks.
Though, this is a lesson to be learned, each type of investor has a particular strength.
Moreover, the second chart states that BTC and Gold were performing as a safe haven before the stock market crash in January 2020.
Summing up, Woo quoted the COVID-19 crunch is just like a “Look at me” punctuation mark. He added, since 2018, fluctuations in gold prices have described the upcoming situation. As gold always says “it’s happening.”
Willy Woo is a popular entrepreneur and crypto investor that follow the Bitcoin space.
