Tag Archives: 2020 Crypto review

Cryptocurrencies Close 2020 At Record Highs

Bitcoin (BTC) nearly tripled its price in 2020 and ended 2020 close to $29,000. The cryptocurrency rallied by over 45% just in the month of December; ending the year with a gain of 290%. The second most eyed cryptocurrency, Ethereum (ETH), gained 450% for the year.

Compare these annual returns with less than 1% return that your bank offers you.

And compare the annual gains of these two major cryptos to traditional assets such as gold and stocks. Gold gained nearly 25% in 2020 and the S&P 500, Wall Street’s benchmark index for the stock market, had a 16.3% price return.

What possible for 2021?

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