Cryptocurrencies
Bitcoin Rally Was So Huge It Was Worth the Risk-Adjusted Twists
- Gain since September more than offsets wild price swings
- Adjusted for volatility, coin has beaten major assets
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Yes, you made a bundle holding Bitcoin through the top a month ago. And even with a selloff like this one, it’s probably been worth the toll on your nerves.
With the cryptocurrency sinking as much as 31% Wednesday, one might ask whether the token has been a good investment over time. As scary as the sudden wipeout is, the gains have been so enormous that -- even adjusted for risk -- Bitcoin has done way better than other major assets.