Bitcoin became the most profitable investment of 2019, but experts warned of overheating of the market

Bitcoin became the most profitable investment instrument of last year, analysts estimateaudit and consulting network FinExpertiza. The first cryptocurrency became a record holder for real profitability, which at the end of 2019 amounted to more than 79%.

During the study, experts evaluated the rubleprofitability of the main investment instruments - cash savings, bank deposits, depersonalized metal accounts, open mutual funds, real estate and cryptocurrencies.

Bitcoin by a wide margin from other toolstook first place in profitability for the year. When investing in the first cryptocurrency, 300 thousand rubles at the beginning of 2019 by the end of the year, investors received 237 047 rubles of profit.

Consolidated rating of 15 major investment instruments for a contribution of 300,000 rubles in 2019

The most disadvantageous investment instrumentsturned out to be cash savings in foreign currency. So, storing cash in euros with an investment of 300 thousand would bring only losses in the amount of 56,849 rubles.

Despite the high profitability of bitcoin, it still remains a high-risk asset, stressed the president of FinExpertiza Elena Trubnikova.

“Investment Instrument Profitability Rating2019 led Bitcoin. However, this instrument has strong volatility, which only confirms the rule: only the highest-risk investment instruments can provide the highest returns. ”

She also emphasized that in 2018, the price of Bitcoin fell by 73.68%. People who then invested 300 thousand rubles in cryptocurrency lost 233,940 rubles in a year.

A similar opinion was expressed by EXANTE managing partner Alexey Kiriyenko:

«Investors should remember that the yield inthe past is not a prediction of future results. The situation in 2019 was formed due to the early reaction of the world's main central banks to the risks of trade wars. As a result, the markets «pumped» money, although the risks for the most part were not realized», —he stated in a comment for ForkLog.

At the same time, Kiriyenko stressed that the situation on the market could change dramatically.

«At the moment the markets are clearly overheated, whichincreases the risks of a corrective pullback, at least in the coming months. In such a situation, it will not be surprising that the latter will be the first: demand for protective assets may return, and sharply rising Russian shares and the ruble may fall under the sell-off. Gold, on the contrary, may become the growth leader if market fears overwhelm the markets.

Nevertheless, according to him, bitcoin looks like a more interesting investment than traditional assets:

«In particular, Bitcoin is not subject to inflation,on the contrary, its emissions are decreasing, which means that it is «doomed» for growth, provided that it is not supplanted by another cryptocurrency... As for fiat currencies, they depreciate every year under the pressure of inflation».

Recall, according to a recent study by Grayscale Investments, 43% of investors interested in the first cryptocurrency are women.