Bitcoin (BTC) is officially the best performing asset of 2021, data now confirms.
With October delivering 15% gains in five days, BTC outperformed macro assets globally, generating almost 50% annual returns.
Bitcoin is up 49% since the start of the year
Despite Bitcoin’s strong growth over the course of the year, the downside failed to hold the market in motion, with the 60% retracement from the current May high all being debunked.
As a result, the largest cryptocurrency is at least 13% ahead of commodities for the year, this week’s numbers show, and 17% ahead of U.S. microcaps.
Compared to some other investments, the picture for BTC sellers is even better. For example, European stocks are up only 10.3% this week since the start of the year.
“After the strong performance in the third quarter, Bitcoin is now + 49.1% up to date”, Twitter account @Bitcoin commented on a record from investment firm NYDIG.
“The best performing content type of 2021.”
Altcoins let the unexpected come
As Cointelegraph reported, September was historically an inconspicuous opposite month for Bitcoin, while October had the opposite effect.
Related: These 3 indicators were bullish before the recent Bitcoin price pump
Since an “above-average” return is forecast for the shares even this month, hopes for a good end to the fourth quarter after the September results are high.
Beyond the macro, however, there are still individual success stories that beat Bitcoin in terms of pipe returns. These focus on altcoins, some of which have made incredible profits in a short period of time.
One of the best-known examples, Solana (SOL) started at around $ 1.60 in 2021 and then hit an all-time high of over $ 215.