Bitcoin (BTC) has long been associated with high volatility, with the digital currency making attempts to become a mainstream financial asset. Despite the volatility, the asset has recorded significant returns over the years, dwarfing traditional finance products.
In particular, over the last decade, Bitcoin has emerged as the best-performing asset in seven out of those ten years. Interestingly, for the three years Bitcoin failed to emerge top, the asset was the worst performing, data shared by investment strategist Raoul Pal on December 13 indicates.
Some of the products outperformed by Bitcoin over the seven years include the S&P 500 index, the Dollar index, and the Fed Balance Sheet.
Bitcoin’s lowest returns have coincided with the asset’s phases of operating in a bear market, such as in 2014 when the Bloomberg Bitcoin Galaxy Index recorded a -57.51% performance, while in 2018, the value stood at -74.28%.
Global multi-asset returns for 10 years. Source: Bloomberg
Bitco
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