BTC vs Stocks: Which assets outperformed BTC?
2 min readBTC is not the most powerful asset in 2021. BTC has now gained “only” about 43% since the beginning of the year, although in mid-April it was 115% more. However, there are some stocks that performed better.
For example, MicroStrategy, which is now also highly correlated with BTC, has reached 55% in 2021, peaking at 160% in February. Other shares associated with BTC, Galaxy Digital, also performed better than BTC, to date + 45% and a peak of 280% in April.
Silvergate has reached 65% this year, peaking at 165% in February, but even better is Voyager Digital, which is currently 337% higher year on year, with a peak of 716% in April.
However, it must be said that these are all companies that are in some way connected with BTC or have BTC in their portfolio.
Other stocks that performed better than BTC
If we take the Nasdaq Composite index as a benchmark, we find that in 2021 it rose just below 18%, which is also the maximum annual profit.
In other words, the dynamics of all four of the above stocks are similar to BTC’s dynamics, but completely different from the dynamics of, for example, the shares of technology companies.
Among those listed on the Nasdaq, Tesla was one of those whose volatility was in some respects comparable to BTC in 2021, but its shares fell 0.85% from the beginning of the year, with a maximum gain of 22% at the end of January. However, Tesla’s real bull run began after the financial markets collapsed in March 2020, when stocks jumped almost 900%.
Even in the crypto markets, there were assets that performed better or much better than BTC in 2021, starting with ETH, which has been up to 230% higher since the beginning of the year and reached 420% in May.
After about three months of high volatility and two declines, the cryptomarket seem to have recovered a bit in the last few weeks. Bitfinex CTO Paolo Ardoino said:
“It seems that optimism has returned to the cryptocurrency markets. Nevertheless, the turbulence we have seen in cryptomarkets in recent weeks is unlikely to subside. It would be wise to ignore the speculative frenzy that can sometimes occur, and instead choose a long-term investment approach and become familiar with this amazing technology. “
