Bitcoin Beat The Dow and S&P 500 In The First Quarter

Bitcoin Beat The Dow and S&P 500 In The First Quarter

Bitcoin may have fallen over 10% in the first quarter, but it still managed to beat major U.S. equity indices as the coronavirus crisis tore into the market.⁠

How did those indices perform in the first quarter?⁠

- The Dow lost 23%, its worst first-quarter performance ever.⁠
- The S&P 500 fell 20%, its biggest quarterly loss since 2008.⁠
- The Nasdaq dropped more than 14%.⁠
Meanwhile, safe-haven asset gold rose about 4% in the first three months of 2020. Over the past few years, bitcoin has been likened to “digital gold” and has been seen by some as a safe haven asset. But it hasn’t necessarily played out that way even though it’s fallen less than major stock indices. ⁠
Those inside the crypto industry, though, feel that could be starting to shift.⁠
Will more people begin to turn to the cryptocurrency as the market continues to feel coronavirus pain?


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