This Asset Outperformed Bitcoin & the US Dollar This Year
The US dollar was considered the bedrock of all assets as it consistently rose in the charts for two decades. It barely dipped against other local currencies as it had a strong foundation in the global financial sector. The DXY index, which tracks the performance of the USD shows the currency now fallen below the 100 range. The currency has dropped to 98.05 and is down nearly 9.5% year-to-date after falling from a high of 109.4 early this year. Bitcoin on the other hand has fallen close to 7% YTD and is mirroring the US dollar’s fall. Also Read: De-Dollarization Reaches European Shores: EU Questions US Dollar Usage Source: MarketWatch While Bitcoin and the US dollar remain on the back foot this year, one asset is soaring in the charts. It has delivered double-digit gains and almost generated returns with little to no dips in the charts. Investors who took an entry position early this year have made good profits and could continue reaping the rewards it has to offer. The asset has ...