Bitcoin and Traditional Financial Assets Performance In 2022
During the market downturn, commodities, especially natural gas and Brent oil, showed better performance than risky assets. On the other hand, gold, which is considered to be an inflation hedge, also showed poor performance. As is supposed to be, Dow Index (primarily industrial companies) showed a slightly better performance than S&P 500 (includes a variety of companies) and Nasdaq indices (tech-heavy index).
Bitcoin showed much worse performance due to an increased correlation with S&P 500 (which can be seen on the chart). However, it is worth mentioning that during bullish years prior to 2021 Bitcoin showed significantly better performance than other assets.
👉https://cryptorank.io/performance
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