Is Bitcoin really the best performing asset class?

Matt Hougan, the CFO of Bitwise, which is an index fund for financial advisors of the top largest cryptos by market cap who manage $100 million, says: “Crypto is about more than bitcoin. As phenomenal an asset as bitcoin is, it is far from the best-performing asset in the Bitwise 10. In fact, it’s the sixth-best performer year to date.”

He’s correct. Even though Bitcoin is the top based on market valuation, it wasn’t the top performing crypto during the last 12 months. Bitcoin is up 159% in 2020 to date. LINK, for example, another big market cap crypto, went up to 629% YTD.  

In 2020 for example, some less known cryptos, such as Starchain (STC) jumped to 3,674%, this year, along with AAVE (AAVE 5,121%), Auctus (AUC 5,489%), zap (ZAP 6,374%), and Gamestars (GST) jumped over 68,999%…

That’s enough to turn $1,000 into $36,740 and up to $689,990… 

What is good for Bitcoin, is good for the entire crypto ecosystem. When it goes up, eventually, so do the smaller altcoins… and this is where you can win big.