Bitcoin falls 30% as Google, gold and defence stocks outperform since 2020: Report

Bitcoin has fallen 30% since 2020, according to a recent report. This decline is in contrast to other assets, which have seen significant gains over the same period. Google, for example, has emerged as the best-performing asset, gaining nearly 291% since 2020, while gold, defence stocks, and tech giants like Apple and Microsoft have also delivered gains of over 100%. The strong performance of defence stocks is attributed to increased military spending, geopolitical tensions, and global security expenditure.

Why it matters

Bitcoin has fallen 30% since 2020, underperforming other assets like Google and gold. This decline may lead to decreased investor interest and a further drop in the cryptocurrency's price.

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