Data now confirms that Bitcoin (BTC), is the most popular asset in 2021.
BTC outperforms macro assets globally to secure year-to-date returns just below 50%, with October delivering 15% gains in five days.
49% increase in Bitcoin transactions year-to-date
Despite Bitcoin’s wild ride through the year, the downside has not gripped the market with a 60% retracement since highs in May all but annulled.
According to figures this week, the largest cryptocurrency is at least 13% ahead in commodities for the year and 17% ahead in United States microcap companies.
BTC hodlers have a better picture than other investors. For example, European stocks are only up 10.3% year to date this week.
“After the strong Q3 performance, Bitcoin is now up +49.1% Year-to-date,” @Bitcoin’s Twitter account commented on data from NYDIG.
“The most performing asset class in 2021.”
Annotated chart of Asset Year-to-Date Returns Source: Twitter/ Bitcoin
ltcoins keeps the surprises coming
Cointelegraph reported that September was historically a less-impressive month for Bitcoin than October.
Similar: These three indicators are bullish ahead the Bitcoin price pump
Stocks are expected to see “above-average” returns this month. This bodes well for a strong Q4 performance after September’s performance.
There are still individual success stories that surpass Bitcoin in terms of their raw returns beyond macro. These stories focus on altcoins that have experienced extraordinary gains in a short time.
One of the most well-known examples is Solana (SOL). It started 2021 at $1.60 and subsequently hit all-time highs in excess of $215.
SOL/USD 1-week candle graph (FTX). Source: TradingView
Eileen Wilson –Technology and Energy
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