Pi Union
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Pi Union

Bitcoin and Ethereum turned out to be one of the most unprofitable assets during the pandemic

The vast majority of assets have shown a significant drop since the onset of the massive coronavirus pandemic. Bitcoin and Ethereum were among the outsiders, said Larry Chermak, an analyst with The Block cryptocurrency publication.

Chermak provides comparative statistics on the return on various assets between February 19 and March 30. Crude oil has the worst performance (a drop of 62%), followed by Ethereum in terms of loss (-49.4%), with Bitcoin this figure was -34.7%.

The analyst emphasized that the last time oil fell so much more than 18 years ago.

The only asset that showed a return, albeit a small one (0.3%), was gold.

The analyst also noted that biotechnology was the most successful investment sector, and energy and finance were outsiders.

Alex Zask

EX Pi

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