Is not an exaggeration to say that we are living in extraordinary an unprecedented times, with the Covid-19 pandemic changing completely our current way of living and for sure affecting the way we will life our life in the future.
Due to the Coronavirus outbreak any the measures related with the pandemic, assets, investment and shares reacted differently.
Shares and bonds value dropped but are slowly recovering in the past weeks while the gold price had little fluctuations or rises.
The crude oil dropped therefore the Bitcoin has made it as the top performing asset of 2020, outpacing gold silver and crude oil.
Both bitcoin and gold have seen significant gains since March, when countries around the world began to introduce lockdown measures in an effort to slow down the spread of the Covid-19 coronavirus outbreak, which created an increase of online shopping, use of alternative payments methods and the use of cash declined.
This resulted in a global economic slowdown and caused stock markets to crash, as investors looked to secure their holdings in safe haven assets.
While gold has traditionally performed well during times of economic crisis, market data suggests that the finite supply of bitcoin means it is increasingly being viewed as a safeer asset. Investments in alternative assets may avoid future depreciation of traditional assets.
Many other cryptocurrencies have performed good, as a direct result of external factors and the bitcoin's price boom.
The oil prices tumbled in March after a price war broke out between Saudi Arabia and Russia. If in January the price of a barrel of Brent Crude had touched $70 by mid-March the price war had help it to fall to close to $30 a barrel.
If the price war made the barrel price to fall to half it's value, the Covid-19 pandemic, travel restrictions, airlines grounding the fleet and less petrol pump activity made the barrel price drop to the lowest level since 2002, below $25 a barrel.
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