BTC was best-performing asset of past decade by 900%
Over the past decade, bitcoin has outperformed all asset classes by a factor of at least 10.
This milestone was highlighted by Charlie Bilello, CEO and founder of Compound Capital Advisors, who used data from Ycharts to compile the best metrics for asset classes.
Commenting on the study, Roberto Talamas, a researcher at Messari, pointed out that bitcoin has an average return of 230% per year, which is more than 10 times higher than the second asset class.
Performance of asset classes over the last 10 years ….
Data from @ycharts pic.twitter.com/yRvdkIX1BV
– Charlie Billo (@charliebilello) 13. March 2021
The US Nasdaq 100 index came in second with an annualized return of 20%, followed by US large caps – US stocks with a market capitalization of more than $10 billion – with an average annualized return of 14%. Over the past decade, U.S. small-cap stocks were the only other asset class with double-digit annual returns at 12.9%.
The data also shows that gold has produced a marginal annual return of 1.5% since 2011, with five of the last 11 years producing a loss for the asset. According to Gold Price, the precious metal has fallen 8.5% since the start of 2021, largely due to the frustration of bitcoin owner and gold investor Peter Schiff.
Since 2011, BTC’s cumulative gains have been 20 million percent. 2013 was the most successful year for bitcoin, with a gain of 5,507%.
The data also shows that bitcoin has recorded only one loss in its two-year history, with BTC falling 58% and 73% in 2014 and 2018, respectively.
BTC has risen 108% since the beginning of 2021, reaching an all-time high of just over $61,500 on Sunday, March 14.