Bitcoin and gold have become the two worst-performing major asset classes of the year so far, marking an unusual first in data stretching back to 2011. The development comes as higher oil pri
Summary
- Bitcoin Bitcoin and gold have become the two worst-performing major asset classes of the year so far, marking an unusual first in data stretching back to 2011.
- Bitcoin and gold have become the two worst-performing major asset classes of the year so far, marking an unusual first in data stretching back to 2011.
- The development comes as higher oil prices and renewed expectations for tighter monetary policy have undermined two assets that had recently benefited from concerns over debt, deficits, and currency debasement.
- Gold and BTC Still Struggle Datacompiledby Creative Planning Chief Market Strategist Charlie Bilello showed that, through October 23, gold was down 7.5% year-to-date while BTC’s loss stood at 7.3%.
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