MicroStrategy co-founder Michael Saylor lately took to X (previously Twitter) to spotlight Bitcoin’s dominance over each different asset class.
The chart exhibits that Bitcoin’s cumulative returns have reached 21,372,237% since 2011.
The nascent cryptocurrency dwarfs the returns of gold, tech shares, and different belongings.
Bitcoin has additionally outperformed each different asset class on an annualized foundation, with common returns of 148%.
Throughout this halving cycle, nonetheless, Bitcoin’s worth efficiency has been moderately underwhelming to this point. The main cryptocurrency is lagging behind the MicroStrategy (MSTR) inventory in addition to a slew of mining shares.
Following the launch of Bitcoin exchange-traded funds (ETFs) in early 2024, the worth of the main cryptocurrency hit its present all-time excessive of $73,737 in March. Notably, the flagship cryptocurrency managed to surpass the height of the earlier cycle earlier than halving, which is why this bull run is so uncommon.
Bitcoin is presently down 12.73% from its file excessive, and it’s unclear whether or not it is going to be capable of reclaim its present peak within the close to future as a result of lack of bullish catalysts.
Earlier this week, the cryptocurrency slipped under $64,000 for the primary time in additional than a month. The cryptocurrency is failing to revive its bullish momentum as a result of double-whammy of great outflows from cryptocurrency funding merchandise and protracted inflation that’s stopping additional fee hikes.
Nonetheless, some pundits of the likes of Peter Brandt and Tom Lee imagine that the most important cryptocurrency might peak at as excessive as $150,000 throughout this cycle.
