Bitcoin [BTC] has created a niche for itself over the past. Exceeding the $1.3 trillion market cap has been another crucial milestone for the digital asset in the backdrop of massive institutional support.
Despite the fact that the crypto-asset underwent a correction from over $61,000 to a modest $57,680, in less than 24-hours, the technicals have never been more positive and have aided in triggering a buying season. On the derivatives side as well, trade volume in Bitcoin options was found to be surging steadily consistent with the trade volume on spot and derivatives exchanges.
Bitcoin Vs Other Assets
With its monumental rise above $60K, Bitcoin has now usurped the charts to become the best-performing asset in the last decade. Since 2010, the crypto-asset registered an average annualized return of 230%. With this, it became the only asset in the charts to have noted triple-figure gains. The only other year Bitcoin did not experience at least a triple-figure gain was in 2019 where it recorded a surge of 95% over the year.
Notably, in the year 2013, it saw a massive 5507% increase.
The data was published by Charlie Bilello, Founder and CEO of Compound Capital Advisors in his latest tweet:
Bitcoin has defeated all the other asset classes by at least a factor of 10. In doing so, it surpassed the US Nasdaq 100 Index which recorded an average annualized return of just 20%.
Trailing far behind in the chart of the last decade were the shares in the US-headquartered companies with market caps more than $10 billion, i.e., US Large Caps has generated an average annualized return of 14%. US Small-Cap stocks followed suit with just a 12.9% annualized return for the past ten years.
Other asset classes projected single-digit returns over the same time period. The precious metal, Gold, for instance, stood at an average annual return of just 1.5% in the last decade as opposed to Bitcoin’s stunning three-digit gains. While Bitcoin’s price recorded 109% YTD gains, Gold stood in the red with a net loss of 9.5%.