It’s safe to say that Bitcoin (BTC) is having a good start in 2019. The cryptocurrency gained around 40 percent of its value since the beginning of the year. Interestingly enough, it is now outpeforming NASDAQ, the S&P 500 as well as most commodities including gold and oil.
Bitcoin is often compared to stocks and traditional assets, particularly in terms of price valuation. As Bitcoinist reported last year, the cryptocurrency has managed to outperform the stock value of marquee companies such as Amazon, JD.com, and iQiyi.