With less than three days left until the halving, Bitcoin is currently outperforming every mainstream asset class for 2020 so far. Data published by market research firm Fundstrat shows that Bitcoin (BTC) is the top-performing asset class of 2020 so far.
Whatever the case, what kind of asset is Cryptocurrency?
What is cryptocurrency? Cryptocurrency is a type of digital asset that is an intangible, digital currency that uses a highly sophisticated type of encryption called cryptography to secure and verify transactions as well as to control the creation of new units of currency.
Along with that, is Bitcoin a Digital Asset? Bitcoin and cryptographically-secured digital assets do not have the same characteristics as fiat currencies because it is not possible to directly alter the number in circulation, therefore, they are closer to assets or commodities. Since they are exclusively digital, 'digital assets' is a suitable description.
Apart from that, what is a crypto asset?
Crypto-assets is a broad term covering all assets stored on distributed ledgers. This includes all cryptocurrencies as well as non-currency assets such as security tokens and utility tokens.
What are the 5 asset classes?
The 5 asset classes funds invest in