The post Bitcoin vs. Traditional Assets: Chart Shows Crypto King Despite Recent Bloodbath appeared on BitcoinEthereumNews.com.

Michael Saylor reaffirms Bitcoin’s superiority over traditional investments amid the market downturn. A 13-year performance chart shows Bitcoin’s staggering 18,881,969% cumulative growth compared to other assets. Bitcoin trades at $57K, down 6.4% in a week and 19% in the past 30 days. In a recent post on X, Michael Saylor, the founder and chairman of MicroStrategy, reiterated his bullish stance on Bitcoin, asserting that the cryptocurrency is engineered to outshine traditional investment instruments. This declaration comes at a time when Bitcoin’s price is plummeting, causing a widespread bloodbath across the entire crypto market. Saylor’s post featured a compelling chart that compared the 13-year price performance of various asset classes, including Bitcoin, U.S. Growth, Nasdaq 100, gold, emerging market (EM) stocks, commodities, EM bonds, convertible bonds, the total bond market, and long-duration treasuries. Among all the assets compared, the top performers were Bitcoin, U.S. Growth, Nasdaq 100, and U.S. Large Caps. While these assets have generally posted positive returns almost every year since 2011, Bitcoin has shown the most remarkable return on investment. For example, in 2011, the chart indicates that Bitcoin achieved a growth of 1,473%, whereas U.S. Growth, Nasdaq 100, and U.S. Large Caps each saw gains of less than 4%. In 2013, Bitcoin’s return was an even more staggering 5,507%, while gold plummeted, losing over 28% of its value. Furthermore, the chart reveals that from 2011 to 2024, Bitcoin’s cumulative performance is up by an astonishing 18,881,969%. In comparison, U.S. Growth is up 670%, Nasdaq 100 has increased by 931%, and gold has risen by 59.3% over the same period. As of the latest data, Bitcoin is trading at $57,502, down 6.4% over the past seven days and 19% in the past 30 days. Emphatically, despite Bitcoin’s current price performance, it remains the best-performing asset among traditional investments. …

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Filed under: News - @ July 7, 2024 4:08 pm