Bitcoin has risen from the crypt - from the December 31 close of $3.96 to the April 12 close of $6.49. That’s very impressive, except for the fact that there is some troublesome arithmetic at play here. When an asset starts from a small base, as is the case with Bitcoin, a 65% gain is only useful to those who had impeccable timing. For everyone else, 65% is essentially chump change.
The other 4 names on the winners list were bona fide recoveries from their poor showing in 2018. A quick scan of the table below supports this.