Among S&P 500 Companies Only Two Outperformed Bitcoin This Year

Bitcoin Facebook Google Investing Microsoft Tesla
Last updated:
Author
Tim Alper
Author Categories
About Author

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

To call 2020 a bumper year for bitcoin (BTC) is something of an understatement, with the most popular cryptocurrency surging to break all sorts of price records while the value of other, more traditional assets has taken a battering.

Source: Adobe/temp-64GTX

But just how well has the token performed against these assets? A closer look at the data reveals that just two of the S&P 500 companies have bested BTC in the year that was, with gold, silver, and the rest also playing second fiddle to bitcoin.

The data was compiled by Yahoo Finance and hosted by the bitcoin-keen software firm MicroStategy. And it indicates that just electric car maker Tesla, which provided a 108% 12-month-return over BTC at the time of writing, and e-commerce firm Etsy, which provided a 14% higher return over the same period, outpaced BTC in 2020.

That means that BTC has outperformed even the likes of Facebook, Microsoft, Netflix and Google operator Alphabet despite the fact that much of the world has been in de facto coronavirus pandemic-induced lockdown for most of the year, with nothing to do but spend time online.

BTC has even outperformed e-commerce giant Amazon, which returned -54% versus BTC in the past year despite a giant surge in online shopping.

Even Pfizer, the developer of one of the much-vaunted coronavirus vaccines, was lagging well behind (-73%) BTC.

And business titans like GM, Nike, Costco, McDonald’s, Starbucks, Walmart and more were nowhere in sight.

Unsurprisingly, BTC also easily bested every single major fiat currency, with the USD -73% behind and the euro at -70%, and the British pound at -71%.

Stock markets fared no better against BTC, with the Dow Jones, the FTSE 100, Nasdaq and all major Asian exchanges behind by similar margins.

Elsewhere, traditional hedges suffered a similar fate: Gold and silver were over 60% behind bitcoin.

At pixel time (13:58 UTC), BTC trades at USD 27,195 and is down by 1% in a day, trimming its weekly gains to 19%. The price rallied by 59% in a month and 270% in a year. However, in the Cryptoworld, many smaller cryptoassets outperformed BTC this year, including ethereum (ETH) (453%), cardano (ADA) (387%), and chainlink (LINK) among others. To compare, market capitalization of ETH, biggest among these three, now stands at almost USD 83bn, compared with BTC’s USD 506bn.

____
Learn more:
Bitcoin Wheel Cannot Be Stopped
Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, Chainlink Price Predictions for 2021
Bitcoin Bulls and Bears List Reasons Why Price Will Rise or Drop by 2030
Crypto in 2021: Bitcoin To Ride The Same Wave Of Macroeconomic Problems
Crypto Adoption in 2021: Bitcoin Rules, Ethereum Grows & Faces Rivals
Crypto in 2021: Institutions Prefer Bitcoin, Retail Open to Altcoins

More Articles

Blockchain News
Court Critiques SEC’s Approach to Crypto Regulation: Gemini CLO
Hongji Feng
Hongji Feng
2025-02-11 19:07:44
Price Analysis
Pepe Coin Crashes 65% but Traders Predict a Shocking 110% Rebound
Alejandro Arrieche
Alejandro Arrieche
2025-02-11 18:44:47
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors