Champagne origins? Champagne Overtakes Big Tech and Bitcoin in 2021

If you have invested this year in champagne “Ancient‘You may be tempted to open the desired bottles They have outperformed major financial market assets, from big tech companies to Bitcoin.

Online platforms that allow you to trade with models vintageAnd champagne s spirits Most wanted, like stocks or coins, scored a activity log And unusual price movements this year.

data from LiveTrade, which managesBordeaux IndexAmong the drinks, it showed that champagne accounted for 15 of the 20 largest price increases on the platform in 2021.

vintage led rise 2002 by Salon le Mesnil, whose product is described as “Captor is like a samurai sword”. Its value is up more than 80% in 2021 on both LiveTrade and another wine platform, Liv-ex, and currently sells for around £11,700 a bottle ($15,700).

This exceeds the height in 75% of Bitcoin and nearly five times the 18% given by the NYFANG+TM stock index to Facebook, Amazon, Netflix, Google, Tesla and Microsoft, which led the global stock market gains in recent times.

the He also starred in the 2006 film Comtes de Champagne from Taittinger, with 2002 and 1996 Krug increases, with price increases of more than 70%, while the Krug 2000, Bollinger La Grande Année 2007, Cristal Rosé 2008 and Dom Perignon P2 2002 saw increases of 54%-55%.

LiveTrade CEO, Matthew O’ConnellMany of the factors driving the boom in the good wine trade this year, he said, “from low interest rates and high levels of savings accumulated by the wealthy during several global lockdowns, to increased interest in hard assets in the face of strong inflationary pressures.”

The Champagne 50 was the highest performing sub-index of Liv-ex Fine Wine 1000, an increase of 33.8% this year so far.

(With information from Reuters)

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