Over the past 10 years, the leading cryptocurrency, Bitcoin [BTC], has beaten out every other asset class by a min. the factor of 10.
The milestone was outlined by Compound Capital Advisors’ CEO & founder, Charlie Bilello, who compiled the performances of the highest asset classes employing data from Ycharts.
While as per another report, Messari researcher Roberto Talamas added that Bitcoin has produced an annualized return of 230% on average – over 10x times above the second-ranked asset class.
The United States Nasdaq 100 Index ranked 2nd with an annualized return of 20%, followed by U.S. Large Caps – shares in U.S.-based firms with a market capitalization exceeding $10 Bln – with a mean annual performance of 14%. U.S. Small-Cap stocks were the sole other asset class to post double-digit annualized returns for the past 10 years, with 12.9%.
The data also reveals that gold made a paltry annualized return of 1.5% since 2011, with five out of the past 11 years producing a loss for the asset. Consistent with Gold Price, the valuable metal has fallen by 8.5% since the starting of this year, much to the chagrin of Bitcoin detractor and gold investor Peter Schiff.
Since 2011, BTC’s cumulative gains for Bitcoin equate to a whopping 20 Mln percent. 2013 was Bitcoin’s best-performing year, within which it gained over 5,500%.
The data also reveals that Bitcoin has solely posted an annualized loss for 2 years of its history, with BTC falling by 58% and 73% within the years from 2014 and 2018 respectively.
Since the beginning of this year, BTC is up 108%, with the markets hitting an all-time high of just over $61.5k earlier on Sunday, i.e. 14th March.