Bitcoin outperforms stocks & commodities, becomes the best-performing asset of 2021

Bitcoin outperforms stocks & commodities, becomes the best-performing asset of 2021

According to recent data  from NYDIG, Bitcoin is officially the best-performing asset of 2021 after rising by almost 50% this year.

The digital asset overcame several major corrections and clampdowns to deliver a 20% gain in a seven-day window. It also firmly beat several macro assets worldwide and sealed a 49% year-to-date return.

Despite the wild ride all year round, Bitcoin has not been held back by the downside as it canceled out a 60% retracement from its highs in May. This puts the largest cryptocurrency ahead in commodities of the year by 13% and 17% ahead of United States micro-cap companies.

In comparison to how other investment assets performed, the picture is very much in favor of Bitcoin. For example, European stocks are up just 10.3% year-to-date this week.

September has always been a month of struggle for Bitcoin while the reverse is the case for October, and hopes are high for a strong finish for Q4 after September returns, with stocks predicted to enjoy "above average" returns this month.

However, there are a few assets that toppled Bitcoin in terms of raw returns. Some altcoins have experienced freak gains in a short period of time. A perfect example is Solana (SOL) which began 2021 at around $1.60 but has hit an all-time high of over $215.

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Bitcoin's Potential in Supply Chain Management And Improving Transparency and Efficiency through Blockchain Technology

Bitcoin's Potential in Supply Chain Management And Improving Transparency and Efficiency through Blockchain Technology

Supply chain management is a crucial aspect of many businesses, involving the coordination of goods and services from raw materials to final products. However, traditional supply chain systems often suffer from a lack of transparency, efficiency, and security. Bitcoin and its underlying blockchain technology have the potential to revolutionize supply

By John Williams