Gold & Bitcoin – the outperformers in the first half of 2020

The corona crisis left its mark on the stock market in the first half of the year. In contrast, gold and bitcoin were able to present themselves as clear winners.

After the leading German index DAX and the most important US indices climbed to new all-time highs in February, a historic crash of shares followed. The longest bull market in history came to an abrupt end. This was due to the fact that the corona virus spread to Asia in Europe and the USA. As a result, the DAX on March 12 and the leading US index Dow Jones on March 16 lost more points than ever in a single day.

 

Lots of high losses

But after several days of high losses, investors dared to take cover again. On the one hand, the restrictions on public and economic life decided by numerous governments to prevent the disease from spreading further have now been relaxed. Second, many governments have adopted unprecedented aid packages to alleviate the economic impact. They received support from the international central banks, which opened their cash gates wide.