In a follow-up to a similar previous post, I thought it was time to analyze which asset is performing the best so far in 2021. I compared Bitcoin as the sole crypto against the S&P, Dow Jones, NASDAQ, Gold, and Silver. The results are below:
As you can see, despite the May selloff, Bitcoin has remained the highest performing asset of the bunch at ~22.49%, nearly doubling the next-best performing asset (S&P).
3 unexpected observations:
- TradFi stock indicies S&P, Dow Jones, and NASDAQ all performed very similarly, differing no more than 2% YTD.
- Gold and silver have actually performed negative in 2021 YTD, with silver posting -7% and gold down nearly -10%.
- The US dollar (brown line) trading steadily around +2.68%, offering little upside as always and, of course, rapidly devaluing in the face of double-digit inflation.