Bitcoin outperforms gold and 16 other assets and becomes one of the best assets
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Answer Bitcoin outperforms gold and 16 other assets and becomes one of the best assets
Bitcoin closed 2021 with gains and returns of 66.5%.
Bitcoin was not satisfied with that, but it also achieved a position in the best performing asset class in 2021, making it the best performing asset for the third year in a row.
Bitcoin has outperformed gold and 16 other assets, including older investment vehicles such as precious metals, commodities, Treasuries and US bonds.
Kharafi’s outperformance of Bitcoin over its competitors:
According to the chart, Bitcoin is followed by commodities, which posted a return of 41.4% in 2021.
With a return of 66%, Bitcoin topped all major assets for the third year in a row. Returns since 2011… pic.twitter.com/MjuLXlwsLe
Read:Bitcoin Fights to Stay Above $40K, Ripple Up 7%
– Charliebilello January 2, 2022
US Real Estate Investment Trusts (REITS) also ranked as the third best performing asset with a return of 40.5%.
Gold, another leading inflation hedge against which Bitcoin is still far ahead of Bitcoin, ranked 16th in terms of total returns with gold yielding a negative 4.1% return, and only doing better than long-term Treasuries, which posted a 4.6% return in 2016. 2021.
The past three years weren’t the only years that Bitcoin dominated other asset classes.
Bitcoin has been the top performing asset in nine out of the last 11 years, outpaced only by US REITs and US cash in 2014 and 2018, respectively.
However, in this time frame, Bitcoin remains the top performing asset, having collected a cumulative total return of over 1 million percent and an annual total return of 197.2%.
Bitcoin price predictions in 2022:
While Bitcoin has not reached the $100,000 target that most analysts expected for 2021 due to continued market volatility, many market participants are still very optimistic about Bitcoin in 2022.
Several catalysts are expected to push the bitcoin price to new highs this year.
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One of these triggers is the potential approval of the Bitcoin Spot Trading Fund (ETF).
The SEC has spent the past year delaying decisions and rejecting several bitcoin ETFs, but market participants expect the agency will eventually approve a spot bitcoin ETF in 2022.
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In addition, there is a high expectation that more nation states and institutional investors will adopt Bitcoin this year.
El Salvador’s President, Nayib Bukele, expected two countries this year to join his country in adopting bitcoin as a legal currency.
This adoption will also push the price of Bitcoin to $100,000 according to the predictions of the Salvadoran president.
It is also worth noting that the inflation rate is alarming, which is currently 6.2% in the USA, which is also a very motivating factor for Bitcoin according to many analysts.
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