Gold and Bitcoin have both seen a steady flow with investments or bets on cryptocurrency. However, with last year’s scenario, instead of buying into either asset those who threw their money behind a basket of companies with exposure to blockchain technologies would have returned 54% over the past year, even after the recent rout that’s hit global tech stocks the hardest. During March, the rates were booming, but gold only had a 27% rise at that time, and Bitcoin had declined by 1.8%.

Elwood Asset Management LLP’s Blockchain Global Equity Index — ticker: BLOCK — comprises 45 companies involved in the blockchain ecosystem, deploying cryptography to store information in distributed ledgers and is resistant to modification or manipulation. Its top three holdings are Taiwan Semiconductor Manufacturing Co., Kakao Corp. and Monex Group Inc.

 All top 10 performers had a 54% return the previous year. Although a 45% plunge was seen since Aug 20, online retailer and advocate of blockchain technology” Overstock.com Inc. climbed ninefold following an over doubled second-quarter revenue. Kakao comes third up 147%.

These firm returns may factor only on exposure to the blockchain ecosystem. TSMC, for instance, has mostly profited from the US-China tech rivalry and risen demand for personal computers, servers and games consoles following prolonged pandemic-driven social distancing.

The reason behind these good performances by players may not be of concern to investors, but the stable returns will likely be reason enough for the true believers to advocate embracing the blockchain.