Bitcoin Beats Stocks and Commodities to Become the Highest Performing Asset of 2021 – D1SoftballNews.com
New data confirms that Bitcoin (BTC) is officially the top performing asset of 2021.
With an increase of 15% in the first five days of October, BTC significantly outperforms macro assets worldwide and has achieved returns of almost 50% since the beginning of the year.
Bitcoin HODLers Earn 49% Year-to-Date
Despite the price roller coaster during the year, the market escaped a bearish trend and the 60% correction from the May highs was almost undone.
This week, new data showed that the leading cryptocurrency is at least 13% ahead of commodities and 17% over US micro-cap companies in terms of year-to-date performance.
Compared to the performance of other investments, the situation for BTC investors is even rosier. European stocks, for example, have only risen 10.3% since the beginning of the year.
“After a strong performance in the third quarter, Bitcoin is now + 49.1% since the beginning of the year,” commented the Twitter account @Bitcoin on the data published by the investment company NYDIG.
“The asset class with the best performance of 2021.”
Annotated graph of asset returns since the beginning of the year. Source: Bitcoin / Twitter
The surprises with altcoins continue
As Cointelegraph reported, September was historically a disappointing month for Bitcoin, while October had the opposite effect.
Related: So these three indicators anticipated the recent Bitcoin pump
While projections suggest stocks will generate “above average” returns this month, many are hoping for a positive fourth quarter after September performance.
Beyond the macro context, however, there remain individual success stories that outperform Bitcoin in terms of returns. These focus on altcoins, some of which have made substantial profits in a short period of time.
One of the best-known examples, Solana (SOL) started at around $ 1.60 in 2021 and recently hit a new all-time high of over $ 215.
SOL / USD (FTX) weekly chart. Source: TradingView