Bitcoin (BTC) has stunned investors with all-time highs and year-to-date returns of over 200% – but there are stocks that are still beating it.
On December 22, market data shows that as of early 2020, no fewer than five company stocks have given investors better rewards than a Bitcoin position.
Platoon Interactive Inc.
Taking on Bitcoin first and winning is an unlikely success story – fitness equipment manufacturer Peloton Interactive.
With an annual return of 384%, $ PTON has performed significantly (most likely) thanks to lockdowns that force consumers to exercise at home rather than in the gym or outside. The company also offers online fitness classes in a nod to the same market.
However, Peloton remains small compared to Bitcoin in general, with a market cap of $ 42.4 billion.
From Moderna Inc.
Another player strongly benefiting from COVID-19 is biotechnology heavyweight Moderna, one of the companies developing a vaccine against the coronavirus.
With its product rolled out at the end of December 2020, Moderna has emerged as one of the front runners in immunization in the United States.
Unsurprisingly, the stock has responded similarly with a return of 619% since the start of the year, giving the company a market capitalization of $ 54.7 billion.
Zoom Video Communications Inc.
Zoom was already a household name this year and has exploded in 2020 as the medium of choice for the online recreation of office environments.
Despite controversies about hacks and susceptibility to downtime, Zoom’s software has enabled it to achieve a massive market cap of $ 116 billion and an annual stock return of 495%.
Should a vaccine give the government the confidence to keep physical offices functioning normally, the demand for home-working conference software could decline.
Enphase Energy Inc.
In one of two entries not strictly related to the virus, Enphase Energy, a renewable energy management company, has made huge gains this year.
The company is still small with a market cap of just $ 21 billion, but in an initial 12 months, the stock has returned nearly 490%.
Like the best-performing share of 2020 (see below), clean energy is a popular market sector that will only grow despite questions about how far renewable energy sources can go in replacing fossil fuels in the global economy.
In fact, this month Apple co-founder Steve Wozniak launched an energy saving company with its own token, WOZX.
It’s no surprise, but Tesla is by far the best-performing stock of the year and leaves every suggestion of one bubble month in, month out.
The numbers are staggering – 850% returns since the beginning of the year, a market cap of nearly $ 620 billion, and a recent entry into the S&P 500.
Compared to Bitcoin’s 218%, $ TSLA looks like a never-before-seen unicorn, but priced in BTC, the stock looks decidedly less parabolic.
However, if we zoom out, Bitcoin remains the best-performing asset of the decade. Even at the beginning of the year, with BTC / USD at $ 7,200, its supremacy was as an investment undisputed.