Bitcoin has been the best performing asset in financial history , with its price increasing more than tens of thousands times from its early days to the present. So it’s no surprise that the first-ever cryptocurrency is currently leading a poll where respondents believe Bitcoin will be the “ best performing asset of 2020. ”

Is 2020 the year BTC recovers?

The public was late to learn about Bitcoin, just as the asset broke through $10,000 in the fourth quarter of 2017 and hit an all-time price record of $20,000 a few weeks later. In many parts of the world, Bitcoin’s performance in their eyes was negative.

But since Bitcoin was created, it has gone from $0.0008 per BTC to its current value of just under $9500. This astronomical growth is unmatched by any other asset and has occurred in just a decade.

In another 10 years’ time, the asset will reach the lofty price predictions made by experts of as much as $100,000 to $1 million per BTC.

The asset’s growth could come from a combination of factors. Its fixed, encoded digital scarcity provides protection against inflation. The fact that it constitutes a great contactless payment method could boost adoption of the new norm post-pandemic, and it is even considered to replace the dollar as the global reserve currency.

The asset acts as a digital store of value during times of rioting and looting, which is another prominent benefit that could help increase interest in the asset in the future.

After nearly three years of a downtrend, the Bitcoin halving is now a thing of the past, and now may just be the time for a new uptrend and market cycle to begin.

Poll: BTC is the best performing asset of 2020

Whatever the reason for Bitcoin’s continued bullish run, investors are paying attention. Bitcoin is leading a public Twitter poll conducted by technical analysis charting software company TradingView.

TradingView provides tools that crypto analysts and traders use to predict future price movements. However, these key tools include not only Bitcoin and some major cryptocurrencies, but also charts of traditional assets such as the S&P 500 or gold.

Two other assets were also listed as other choices in the poll along with Bitcoin , with “Other” having a fourth and final choice, prompting users to leave a response of their choice below.

The responses were also full of various non-mainstream cryptocurrencies and even the U.S. dollar. However, judging by past performance, Bitcoin is the clear winner .

Bitcoin has been widely recognized as the best performing asset during recessions, second only to gold , and the S&P 500 bodes very well for Bitcoin during one of the strongest rallies in stock market history.

Once bullish sentiment outweighs selling pressure, a breakout will send Bitcoin soaring. If 2020 reaches new all-time highs, then while the stock market is collapsing, poll respondents will likely have chosen the right vote and the cryptocurrency will be the best performing asset of the year .

The original text comes from newsbtc and is translated by the Bluemountain Labs team. The English copyright belongs to the original author. Please contact the translator for Chinese reprint.