Bitcoin is up 90% year-to-date

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Bitcoin stands at $ 55,000 today, as of this writing. That means it has increased by around 90% since the start of 2021.

While this is impressive in itself, what is even more remarkable is the performance of BTC against other well-known investment tools such as some of the most popular stock indexes, the largest companies in the world. and precious metals like gold and silver.

BTC vs. All Others – YTD 2021. Source: TradingViewS & P500 and Nasdaq Left Behind

The major cryptocurrency entered 2021 at around $ 28.9,000 before hitting all-time highs in April at $ 65,000, which became the current all-time high. What followed were a turbulent few months instigated by FUD, first from Elon Musk and later from China.

After hitting a low below $ 30,000 in July, BTC resumed its bull run and nearly doubled its value to $ 55,000 at the time of writing. Specifically, that means it’s almost 90% year-to-date.

As speculation rages on where it can end the year, with $ 100,000 being the dominant opinion, it’s worth exploring how bitcoin compares to other assets in more traditional financial spheres.

Let’s start with arguably the most popular stock index – the S&P 500, which tracks the performance of the 500 largest companies listed on the US stock exchanges. It has actually performed well this year – entered at 3,700, plotted a new ATH in early September at 4,520, but fell slightly to 4,391 at Friday’s close. This means that it has increased by around 18% in ten months.

At the same time, the Nasdaq Composite Index has registered somewhat more modest gains since the start of the year – just under 15%. Interestingly, the Dow Jones Industrial Average rose by a very similar percentage over the same period.

Let’s look at the individual actions of the most important companies in the world. Apple shares are up 10% year-to-date, Microsoft’s ROI is 35%, Amazon’s is just 3%, Facebook’s (23%) and Tesla’s is 7.5%.

Google (Alphabet, symbol GOOG) has been among the top performers, with a notable increase of 61% since the start of the year. Yet none of them come close to bitcoin in terms of annual earnings.

Bitcoin versus. Or against. Money

Being considered by many to be digital gold, it is also worth comparing cryptocurrency with yellow metal and maybe silver as well. After all, the market cap of silver is always larger than that of bitcoin, at least according to 8marketcap.com.

Both metals are expected to be particularly popular these days, given global economic uncertainty and rising inflation. Yet gold – arguably the most used store of value instrument historically – has been declining since the start of the year. It fell more than 7%, despite a slight drop in October.

The situation for silver is even worse as it has fallen 17% against the dollar since the start of the year.

Therefore, neither of the two most popular precious metals can even come close to bitcoin in terms of annual earnings, at least in October. As such, it’s not all that surprising that many prominent names, such as Anthony Scaramucci, Steve Wozniak, and Michael Saylor, have described bitcoin as the better option than gold.

It should also be noted that cryptocurrency has become the best performing asset of the last century with an 8,900,000% return on investment.

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