May 21, 2024

Bitcoin became the leader in profitability for Russian investors during the spring crisis

06/11/2020

Karolina Salinger

Russians who invested in Bitcoin against the backgroundcrisis associated with the coronavirus and the collapse of the oil market, increased their income to 74%. «Izvestia» writes about this. with reference to a study by the audit and consulting network FinExpertiza.

Analysts reviewed two investment strategies — conservative and speculative.

A conservative model is understood wheninvestors bought assets in early March and have kept them ever since. Bitcoin (+ 14%), gold (+ 10.8%) and the purchase of American shares (+ 10.3%) became the leaders in profitability with this strategy.

Adherents of the speculative approach managed to increase their savings much more significantly — when the purchase was made at the moment of the greatest drawdown in asset prices.

In this case, bitcoin is also in the lead, but the yield was already 74%. Cryptocurrencies are followed by investments in Russian stocks with a yield of 33.3% and American securities at 23.9%.

Let us recall that according to a previous study by FinExpertiza, Bitcoin became the record holder for real profitability at the end of 2019.