Bitcoin has increased by 90 % since the beginning of the year
Bitcoin has increased by 90 % since the beginning of the year
Bitcoin today is $ 55,000 when these lines were written. He has increased by about 90 % since the beginning of 2021.
This is already impressive, but the performance of BTC is even more remarkable compared to other known investment instruments such as some of the most popular stock market indices, the largest company in the world and precious metals such as gold and silver.
S & P500 and Nasdaq left behind
The primary cryptocurrency entered 2021 with around $ 2821 in 2021 before scored $ 65,000 in an unexpected heights in April, which became the current all-time high. This was followed by a few turbulent months, initiated by Fud, initially by Elon Musk and later from China.
After the BTC had reached its low in July under $ 30,000, it continued its upward trend and has almost doubles its value to $ 55,000 at the time of the letter of these lines. More precisely, this means that it has been almost 90 % higher since the beginning of the year.
While speculation runs wildly, where it can end up the year, with $ 100,000 the predominant opinion , it is worth examining how Bitcoin cuts off from the more traditional financial areas compared to other assets.
we start with the most popular stock market index-the S&P 500, which depicts the performance of the 500 largest companies listed on US exchanges. He actually developed well this year - he rose at 3,700, recorded a new ATH at 4,520 in early September, but went back to 4,391 on Friday. That means it has increased by about 18% in ten months.
At the same time, the Nasdaq Composite Index has been listening somewhat more modest growth since the beginning of the year - almost 15 %. Interestingly, the Dow Jones Industrial Average rose by a very similar percentage in the same period.
we look at individual stocks from the most famous companies in the world. Apple's shares have risen by 10 %YTD, Microsoft's YTD ROI is 35 %, Amazons is only 3 %, Facebooks (23 %) and Teslas by 7.5 %.
Google (Alphabet, Google symbol) with a remarkable increase by 61% has been one of the best performers since the beginning of the year. Nevertheless, none of them have come to Bitcoin in relation to the annual profits.
Bitcoin vs. Gold vs. Silver
viewed by many as digital gold, it is also worth comparing the cryptocurrency with the yellow metal and maybe also with silver. After all, the market capitalization of silver is still greater than that of Bitcoin according to 8Marketcap.com.
The two metals are likely to be particularly popular these days due to the global economic uncertainty and increasing inflation. Gold - the most well -used value residues - has been declining since the beginning of the year. It went back by more than 7 %, although it was easy in October.
The situation of silver is worse because it has fallen by 17% compared to the dollar since the beginning of the year.
As a result, at least from October, none of the two most popular precious metals can only come to Bitcoin in relation to the annual profits. Therefore, it is not a big surprise that many prominent names, such as Z Anthony Scaramucci , Steve Wozniak and Michael Saylor have described Bitcoin as the better option as gold.
It is also worth mentioning that the cryptocurrency in the last century became the most powerful asset with a ROI of 8,900,000%.
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