As the end of the year approaches, analysts are looking for “winners” and “losers” in different asset classes.
Bitcoin and wine are anomalies in the asset class performance system over the past eight years.
First, BTC’s returns have been “binary.” Every year, the first cryptocurrency is either the best or worst asset class.
Wine is another interesting case, as it is one of the few remaining assets measured in pounds sterling. The returns in sterling were decent, but in U.S. dollars your cellar would have lost money due to the sharp rise in the dollar.