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Bitcoin’s annualised returns have overshadowed all other asset groups by a large margin.
For the last ten years, Bitcoin has beaten at least a factor of 10 across asset groups.
The landmark was noted by the CEO and founder of Compound Capital Advisors, Charlie Bilello, who collected the results of the top asset groups using data from Ycharts.
Responding to the results, Messari researcher Roberto Talamas noted that Bitcoin had an annualised return of an average of 230 per cent—more than 10 times more than the second-ranked asset class.
Asset Class Returns over the Last 10 Years…
— Charlie Bilello (@charliebilello) March 13, 2021
The U.S. Nasdaq 100 Index placed second with an annualised gain of 20 per cent, led by the U.S. Large Caps – investments in U.S.-based firms with market caps above $10 billion – with an estimated annual production of 14 per cent. U.S. Small Cap stocks have been the only other asset class to record double-digit annualised returns for the last 10 years, at 12.9 per cent.
The data also reveals that gold has yielded a paltry annualised gain of 1.5 per cent since 2011, with five of the last 11 years leading to losses for the currency. According to Gold Price, the price of precious metal has dropped by 8.5 per cent since the beginning of 2021, much to the grief of Bitcoin detractor and gold trader Peter Schiff.
Since 2011, BTC’s nett gains for BTC have amounted to a total of 20 million percent. 2013 was Bitcoin’s best-performing year in which it won 5.507 per cent.
The data also reveals that Bitcoin has only recorded an annualised decline for two years in its existence, with BTC dropping by 58% and 73% in 2014 and 2018, respectively.
After the beginning of 2021, BTC has increased by 108 per cent, with stocks reaching an all-time peak of just over $61,500 on Sunday, March 14.