Bitcoin is still the king of 2019, up 120% from the same period last year

On December 15, 2018, the Bitcoin community experienced a very difficult day when the price dropped below $ 3,200. Fundstrat founder Tom Lee and Galaxy Digital CEO Mike Novogratz and other bulls had to withdraw their words after making unreasonably high forecasts. A Bloomberg article also doubts whether Bitcoin will recover after experiencing such a sharp decline. Bitcoin critics are noisy on Twitter, but not all bulls are eventually washed out. Some people see this as a good opportunity to buy before the next bull cycle. Given that December 15 was the bottom of the 2018 bear market, those calling for a break below $ 2,000 turned out to be wrong. In the second quarter of 2019, Bitcoin started another terrible rebound, rising to more than $ 13,700 at the end of June. Since reaching its annual peak, Bitcoin price has experienced a series of painful pullbacks, falling back to $ 7,100. However, on the whole, Bitcoin is still up 120% from the same period last year, which is unheard of in traditional markets. Bitcoin has outperformed stocks, gold, oil and almost all other assets in 2019 so far. As investor Alistair Milne said, despite Bitcoin's soaring price this year, crypto Twitter has said "miserable." With bitcoin halving imminent, 2020 is likely to become another explosive year for bitcoin.