Bitcoin Eclipses All Other Assets with 1000% Returns in a Decade
In the last ten years, Bitcoin has generated gains of at least 10x the returns offered by all other asset classes. The landmark was highlighted by CEO and founder of Compound Capital Advisors, Charlie Bilello, who collated the performance of major assets utilizing data provided by Ycharts.
Reacting to the assessment, Roberto Talamas, Messari researcher, underlined that Bitcoin has generated a yearly yield of 230% on average, over 10x greater than second-ranked assets.
Notably, the US Nasdaq 100 Index took the second place with yearly returns of 20%. The US Large Caps, representing shares of companies with market cap of over $10 billion, followed suit with a gain of 14%.
The only other category of assets, which has posted double-digit gains in the past decade, is US Small Cap stocks, which recorded yield of 12.9%.
The data also indicates that gold has generateda yearly return of 1.5% since 2011, with five out of the last 11 years recording negative return. The Gold Price indicates that the yellow metal has declined by 8.5% since the start of 2021, putting gold investor and fierce advocator Peter Schiff in uncomfortable position.
Asset Class Returns over the Last 10 Years…
— Charlie Bilello (@charliebilello) March 13, 2021
From the beginning of 2011, Bitcoin’s aggregate gains are a mind-boggling 20 million percent. Specifically, the best performing year for Bitcoin is 2013, when it recorded a gain of 5,507%. The data also indicates that Bitcoin has recorded an annualized loss only two times in its history i.e. on 2014 and 2018, when it recorded losses of 58% and 73%, respectively.
Since the beginning of 2021, Bitcoin (BTC) has gained 108%, with the markets reaching an all-time peak of just $61,500 on March 14.