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Outperforms S&P500, Apple, Google, gold and silver: BTC up 90% year-over-year

2 min read

Since the beginning of the year, the return on investment in BTC has surpassed gold, silver, the Wall Street indices S&P 500, Nasdaq and Apple, Facebook, Tesla and others. At the time of writing, BTC costs over $ 57,000. This means that since the beginning of 2021 it is more than 90% more.

While this in itself is impressive, BTC’s performance compared to these well-known investment instruments is even more remarkable.

btc sp500 2021 ytd min

S&P500 and Nasdaq far behind BTC

The primary cryptocurrency entered 2021 for about $ 28.9 thousand before firing to unprecedented heights of $ 65,000 in April, the current all-time high. This was followed by several turbulent months led by FUD, originally from Elon Musk and later from China.

After bottoming below $ 30,000 in July, BTC has revived its uptrend and nearly doubled its value to $ 55,000, up 90% to date. Speculation about where the year may end is spreading, with $ 100,000 prevailing. So it is worth selling how BTC is doing compared to other assets from more traditional financial spheres.

Let’s start with probably the most popular stock market index – the S&P500, which tracks the performance of the 500 largest companies listed on US stock exchanges. He did really well this year – entering 3,700, recording a new ATH at the beginning of September 4,520, but slightly returning to 4,391 on Friday, which means that it rose by about 18% in ten months.

The Nasdaq Composite Index has also recorded modest gains since the beginning of the year – just below 15%. Interestingly, the Dow Jones industrial average increased by a very similar percentage over the same time frame.

Let’s look at the individual shares of the world’s most important companies. Apple shares rose 10% year-over-year, Microsoft’s YTD return is 35%, Amazon’s only 3%, Facebook’s 23% and Tesla’s 7.5%.

Google is among the best with a remarkable 61% increase.

BTC Vs. gold and silver

It is considered by many to be digital gold, so it is worth comparing cryptocurrency with yellow metal and possibly silver. After all, the market capitalization of silver ($ 1.28 trillion) is still larger than the capitalization of BTC.

These two metals should be especially popular today. Nevertheless, gold – probably historically the most widely used tool for preserving value – has been declining since the beginning of the year. Despite a slight decline in October, it fell by more than 7%. The situation of silver is even worse, as it fell by 17% year on year.

So it’s no big surprise that many prominent names, such as Anthony Scaramucci, Steve Wozniak and Michael Saylor, described BTC as a better option than gold.

It is worth noting that cryptocurrency has become the most powerful asset in the last century with a return on investment of 8,900,000%.

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