In my last article, the finishing year’s Bitcoin overview was sneak peeked into. There I have mentioned that even though we were told to stay away from investing in stocks as the majority of the companies’ performance were not robust with business activities being dull this year, there were select stocks that did very well this year.

The Covid-19 pandemic, was the reason the majority of the companies did not have profitable business, although it was also the reason for some select companies to perform robustly this year. The businesses of these select companies were so good that their stocks outperformed Bitcoin this year.

 Spotlight on stocks that outperformed Bitcoin

Ha..ha… yeah, generally, talk this year was on those Alt coins that outperformed Bitcoin, true, but stocks that did the same is also an interesting topic to ponder on, considering that the economic climate against which these companies functioned this year was a recessionary one. So, let’s get straight into the matter, the stocks of companies that had fantastic price actions this year that even surpassed the mind blowing price action of Bitcoin, we all agree that is something, afterall.

 Stock of a Covid-19 vaccine developing company beating Bitcoin - Moderna Inc

The most happening news this month was of the roll out of the vaccines. Before this biotechnology companies were making news on the ongoing development of the Covid-19 vaccine as details on their efficiency from experimental trials were being shared. Such news brought about the rise in stock prices of Moderna Inc. Moderna Inc is one of the front runners who were early(second after Pfizer) to roll out their Covid-19 vaccine.

The share price of Moderna Inc has increased from 19$ to 123$ this year, with a price appreciation of 592% against BTC’s price rise this year of 235%.

 The popular virtual meeting software, Zoom’s exponential rise in share price

Social distancing and work from home were the norms followed mostly all over the world this year. Virtual meetups and conferences happened often using the Zoom software.

The popularity of the zoom software has taken the price of Zoom from 66$ to 376$ this year, which is a price appreciation of 461%, beating BTC’s yearly price rise of 235%

Hot in demand during lockdown - Home Fitness solutions bringing rise in Peloton Interactive’s share price

Home fitness gained traction during the lockdown this year, which raised demand for fitness products and online fitness classes. A company into this field Peloton Interactive had its share price appreciate this year from 28$ to 262$ by 487%.

One can notice that COvid-19 was the reason the prices of the above company stocks above rose up to a big extent.

Although, Bitcoin remains the best performing asset of the decade hands down still!!

Reference article - https://cointelegraph.com/news/bitcoin-fomo-tesla-and-these-four-stocks-crushed-btc-s-gains-in-2020