Bitcoin Surge Widens Crypto’s Lead Over Gold as Top Asset of 2020
- Bloomberg Galaxy Crypto Index has more than doubled this year
- Recent rally spurred by Bitcoin jump amid a tumble in dollar
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Bitcoin’s surge during U.S. election week has pulled cryptocurrency performance further ahead of major asset classes this year.
The Bloomberg Galaxy Crypto Index of digital currencies, including Bitcoin, is up about 120% in 2020, exceeding gold’s near 30% jump. The crypto index has rallied some 11% during a three-day streak since election day, a period when the dollar fell to a 2018 low.