Bitcoin is best performing asset of the decade
Bitcoin has beaten all over asset classes by at least a factor of 10 over the last decade, according to Compound Capital Advisors’ CEO and founder, Charlie Bilello. He has compiled a report of the top asset classes based on data from YCharts.
Others agree with him. Roberto Talamas, a Messari research tweeted that Bitcoin has produced an annual return of 230% on average — more than 10 times higher than the second-ranked asset class. That second asset is class is the U.S. Nasdaq 100 Index with an annual return of 20%, while U.S. Large Caps sat in third place. It represents shares in U.S.-based companies with market caps exceeding $10 billion — with an average annual performance of 14%.
Gold, by contrast, has produced an annual return of just 1.5% annually since 2011, “with five out of the past 11 years producing a loss for the asset,” Cointelegraph reports. Also, according to “Gold Price, the precious metal has fallen by 8.5% since the beginning of 2021,” which hasn’t pleased those who support gold over Bitcoin. Compared with gold, BTC’s cumulative gains since 2011 equate to a massive 20 million percent, with 2013 being Bitcoin’s best-performing year, during which it gained 5,507%.
Since the start of 2021, BTC is up 108%, and on 14th March it hit a new all-time high of $61,000. It has slipped back to $57,534 on 15th March, but the bulls are confident that this is a corrective pull back before the next push from the bulls.