Bitcoin vs stocks: some assets outperformed BTC
Bitcoin vs stocks: some assets outperformed BTC

Bitcoin vs stocks: some assets outperformed BTC

By Marco Cavicchioli - 6 Aug 2021

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Bitcoin vs stocks: BTC is not the best performing asset in 2021. There are in fact stocks that have performed better.

BTC is currently “only” gaining about 40% since the beginning of the year, although in mid April it was up 115%.

However, there are some stocks that have performed better.

For example, the stock MicroStrategy, which is also now very correlated with BTC, has returned 55% so far in 2021, with a peak of 160% in February.

Another stock linked to bitcoin, Galaxy Digital, has also performed better than BTC, with +45% to date and a peak of 280% in April.

Silvergate has returned 65% so far this year, with a peak of 165% in February, but even better has been Voyager Digital, which is currently up 337% year-to-date, with a peak of 716% in April.

However, it must be said that these are all companies that are somehow connected to Bitcoin, or have BTC in their portfolio.

Other stocks that have performed better than bitcoin

If we take the Nasdaq Composite index as a benchmark, we find that in 2021 it grew just under 18%, which is also the maximum yearly gain.

In other words, the dynamics of all four of the above stocks are similar to each other, and similar to that of the price of bitcoin, but completely different to those of, for instance, technology company stocks.

Among the Nasdaq-listed companies, one of those with a volatility in some ways comparable to that of bitcoin in this 2021 was Tesla, which, as of today however, marks a -0.85% since the beginning of the year, with a maximum gain of 22% at the end of January. But Tesla‘s real bull run had started after the financial markets collapsed in March 2020, when the stock jumped almost 900%.

Even in the crypto markets there have been assets that have performed better, or much better than bitcoin in this 2021, starting with ETH, which so far is up 230% since the beginning of the year, peaking at 420% in May.

Also, after about three months of high volatility, and two of declines, crypto markets seem to have recovered a bit in the last couple of weeks.

The CTO of Bitfinex, Paolo Ardoino, said:

“A mood of optimism appears to have returned to cryptocurrency markets. Bitcoin is leading the charge while Ethereum continues to make gains after yesterday’s network upgrade. Still, the turbulence that we’ve seen in crypto markets over recent weeks is unlikely to subside. Investors would be wise to ignore the speculative frenzy that can at times take hold and instead take a long-term investment approach, familiarizing themselves with this amazing technology”.


Marco Cavicchioli

Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded and the Facebook group" Bitcoin Italia (open and without scam) ".

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