The meteoric rise of Bitcoin (BTC), the world’s first and largest cryptocurrency from Market capitalization has positioned it thanks to its performance rating in such a way that it can be valued alongside institutional assets on the world market.
While the digital currency has struggled remarkably against resentment from authorities around the world over the years, the avoidance of all forms of skepticism by both retail and institutional investors has helped change the course that many are hoping for today to get a piece of it.
For the first quarter ending today, March 31, 2021, Bitcoin is the best performer according to to Messariand beats traditional assets such as global stocks, oil, gold, government bonds and the world’s reserve currency, including the US dollar. For the quarter, Bitcoin was up 103%, as opposed to 26% for oil and 3% for global stocks.
Amid the need to offset the post-COVID-19 pandemic and its impact on the wider economy, assets such as gold, government bonds, and investment-grade bonds retreated at rates of 10%, 5% and 4%, respectively. Bitcoin’s performance has also been shown to outperform cash and high yield bonds – both exhibiting growth rates of 0%.
There are many attributes that position Bitcoin in front of other assets. While Bitcoin is decentralized, most assets have one common denominator – they are controlled in one way or another by human systems or governments.
Bitcoin runs on its own codes developed by its inventor Satoshi Nakamoto more than 12 years ago, and the entire system has been self-supporting ever since. Unlike the other assets profiled, Bitcoin is immune to human interference and the consequences of adverse economic and monetary policies.
Bitcoin is also anti-inflationary, which is made possible by its halving event. These characteristics are part of the reasons Michael Saylor and other Bitcoin evangelists advocate buying Bitcoin as an alternative to cash.
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