FOX Business Reveals Bitcoin as Top Performing Asset with 315,678% Growth Since 2013
The post FOX Business Reveals Bitcoin as Top Performing Asset with 315,678% Growth Since 2013 appeared on BitcoinEthereumNews.com.
A FOX Business report spotlights Bitcoin as the top-performing mainstream asset since 2013, having recorded an impressive 315,678% within this timeframe. Bitcoin continues to dominate the financial landscape as the top-performing asset, showcasing substantial growth rate. A recent report from Fox Business highlights that Bitcoin has surged by 315,678% since 2013, making it a peerless performer among mainstream risk assets. Fox News showing why #Bitcoin is the #1 Performing Asset pic.twitter.com/ccHpTjhPIR — Radar🚨 (@RadarHits) July 16, 2024 This remarkable ascent is attributed to Bitcoin’s inherent qualities of scarcity, utility, and global accessibility. Unlike fiat currencies, which are prone to inflationary pressures, Bitcoin’s deflationary model with a capped supply of 21 million coins has propelled its price higher over time. Notably, as of today, Bitcoin’s price stands at $64,710, with a 24-hour trading volume of $35,902,216,478. This price represents a 1.37% increase in the last 24 hours and an 11.10% rise over the past week. The highest recorded price for Bitcoin is $73,737.94, which occurred in March 2024. Comparatively, today’s price is 12.21% lower than this all-time high. Conversely, the lowest price recorded for Bitcoin was $13 in January 2013. The current price reflects a 497,669% increase from that low. Sector Performance and Bitcoin’s Dominance Meanwhile, a recent analysis by Artemis reveals that the Bitcoin ecosystem outperformed all other cryptocurrency sectors over the past week, showing a 35.1% gain. In comparison, the AI sector gained 28.4%, and both DePIN and Store of Value sectors saw increases of 22.1%. Artemis Meanwhile, centralized exchanges and utilities and services had modest gains of 4.5% and 4.6%, respectively. Meme coins and gaming sectors also showed significant gains. Bitcoin’s Role as Digital Gold Interestingly, a recent analysis from Ali Martinez draws a compelling parallel between Bitcoin and gold, supporting Bitcoin’s role as “digital gold.” The…
Filed under: News - @ July 17, 2024 11:16 pm