Trader Peter Tuchman wears a DOW 30,000 hat as he greets friends outside the New York Stock Exchange in New York, November 24, 2020.Investments in various major financial assets surprisingly produced remarkable returns in what was a disastrous year for the U.S. and global economy amid the coronavirus pandemic.
For starters, commodity investors scored big with gold, silver and copper all rallying at least 20% in 2020. Government bonds, which in the past have tended to move in the opposite direction to stocks, are up handsomely and beating the S&P 500. For such a wild year, perhaps it's only fitting that the best-performing asset by far has been bitcoin, which surged over 180% this year and topped $20,000 for the first time ever just on Wednesday.
Enjoying the moves, but what about the folks that don't have these already? You know, the people realDonaldTrump uses for money and votes are not get much benefit from this situation. Just sayin'
But not for the average America...only the wealthy.
all investments are just fed on fed off meanwhile the us markets are the same cyber criminals scamming their sham regulators final days
At one est of $4.5B in current mining costs, using 21 million coins = $214/bitcoin/yr to run the network. Bitcoin sounds like a junk bond with a guaranteed negative annual return & a speculative redemption value? Also how do you have a settlement network without a stable value?