Although the price of Bitcoin has fallen from its all-time high of US$64,804 (according to CoinGecko) in April 2021 to about US$36,500 (at time of writing), it is still one of the best performing asset classes in the last decade.
This according to Charlie Bilello, the CEO of Compound Capital Advisors an investment management firm based in Australia, who compared Bitcoin’s returns to 17 other best-performing asset classes from 2011 to 13 Mar 2021.
Source: Charlie Bilello | Twitter
Bitcoin’s annualised return of about 230% and a cumulative return that exceeds 20,000,000% simply crushes all the other asset classes.
And we have not even begun to mention the other cryptocurrencies that have delivered better returns albeit over a shorter time frame.
Of course, you need to remember that past performance is not indicative of future returns. There is no telling if Bitcoin and other cryptocurrencies can continue their bull run....