Bitcoin Outperforms Stocks in Q1 Despite Worst Month Since Jan 2018
The financial markets were hit by the COVID pandemic that forced entire countries and industries to shut down. Most of losses came in March, which was one of the worst months including for Bitcoin. However, year-to-date, the cryptocurrency declined less than S&P 500 and Dow Jones indexes, which represent the US stock market. Nevertheless, Bitcoin showed some correlation with the two indices when the crash accelerated. Because of this, investors are not sure whether it’s a reliable safe haven.