The data confirms that Bitcoin (BTC) is officially the asset that gives the best results for 2021.
With an increase in October of 15% in five days, BTC significantly exceeds the total assets around the world with an annual return of just under 50%.
Bitcoin Traders Up 49% YTD
Despite bitcoin’s continuous movement throughout the year, the reverse failed to capture the market when 60% rebound from the May high was canceled.
Thus, according to data this week, the largest cryptocurrency surpasses commodity growth by at least 13% year-on-year, and small companies in the US by 17%.
Compared to how some other investments have worked, the picture is more rosy for BTC users. European equities, for example, have risen just 10.3% since the start of this week.
“After good results in the third quarter, bitcoin is up + 49.1% YTD,” commented bitcoin Twitter account on a dataset from the investment firm NYDIG.
Best asset class for 2021.
Returns a generic blue chart with a date. Source: Bitcoin / Twitter
Altcoins lets you wait for surprises
As reported by the Cointelegraph, September has historically not been an impressive month for Bitcoin, while October has seen the opposite.
Related: These 3 indicators flashed higher ahead of the latest Bitcoin price pump
With the same equities expected to perform above average this month, there are high hopes for a strong fourth quarter after the September results.
Far from macroeconomics, however, there are still isolated success stories that have outperformed Bitcoin in terms of initial returns. They focus on digital currencies, some of which have shown strange gains in a short time.
Solana (SOL), one of the best known examples, started in 2021 at around $ 1.60 before reaching a record high of over $ 215.