Over the past 10 years, Bitcoin
BTC
$22,748
has beaten out all over asset classes by at least a factor of 10.
The milestone was noted by Compound Capital Advisors’ CEO and founder, Charlie Bilello, who compiled the performances of the top asset classes using data from YCharts.
Responding to the findings, Messari researcher Roberto Talamas highlighted that Bitcoin has produced an average annualized return of 230% — more than 10 times higher than the second-ranked asset class.
The Nasdaq 100 Index ranked second with an annualized return of 20%, followed by U.S. large caps — shares in United States-based companies with market capitalizations exceeding $10 billion — with an average annual performance of 14%. U.S. small-cap stocks were the only other asset class to post double-digit annualized returns for the past 10 years, with 12.9%.
Advertisement
Stay safe in Web3. Learn more about Web3 Antivirus →
The data also shows that gold made a paltry annualized return of 1.5% since 2011, with five out of the past 11 years producing a loss for the asset. According to Gold Price, the precious metal has fallen 8.5% since the beginning of 2021, much to the chagrin of Bitcoin detractor and gold investor Peter Schiff.
Since 2011, BTC’s cumulative gains equate to a whopping 20,000,000%. 2013 was Bitcoin’s best-performing year, during which it gained 5,507%.
The data also shows that Bitcoin has only posted an annualized loss for two years of its history, with BTC falling by 58% and 73% during 2014 and 2018, respectively.
Since the start of 2021, BTC is up 108%, with its price hitting an all-time high of just over $61,500 on Sunday.