Study: Bitcoin is the best institutional asset in the first quarter of 2021
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Answer Study: Bitcoin is the best institutional asset in the first quarter of 2021
The rapid rise of Bitcoin (BTC), the world’s first and largest cryptocurrency by market capitalization, has led it to rank alongside institutional assets in global markets thanks to its strong performance.
Over the years, Bitcoin has remarkably resisted the resentment of authorities and governments around the world, and has managed to win over individual and institutional investors to its side, which has helped it turn its tide.
In the first quarter that ends today, March 31, 2021, bitcoin emerges as the best performing investment asset according to a study conducted by the company “My left”outperforming traditional assets including global stocks, oil, gold, government bonds, the global reserve currency (the US dollar) and others.
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For the first quarter of 2021, bitcoin grew by 103%, in contrast to 26% for oil and 3% for global stocks, respectively.
Amid the need to rebalance in the wake of the coronavirus pandemic and its impact on the global economy, assets such as gold, government bonds, and investment-grade bonds have all fallen at a rate of 10%, 5% and 4%, respectively.
Bitcoin has also proven to outperform cash and high-yield bonds.
There are several attributes that put bitcoin ahead of other assets, while bitcoin is decentralized, most other assets have a common denominator, being controlled in one way or another by human systems or governments.
Bitcoin runs on its own codes, which were designed over 12 years ago by its anonymous inventor, Satoshi Nakamoto, and the entire system has been self-sustaining ever since.
Unlike the other aforementioned assets, Bitcoin is immune to human intervention and the consequences of unfavorable economic and monetary policies.
Bitcoin is also an anti-inflationary asset, which it combats periodically every four years through a mining reward split event.
These features are part of the reasons why MicroStrategy CEO Michael Saylor and other new evangelists for Bitcoin advocate buying it as an alternative to cash.
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