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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Pagla on January 14, 2022, 05:53:52 AM
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CoinGecko released its annual report for last year. Bitcoin (BTC) performed better than gold, oil and other traditional assets.
2021 was a very intense for Bitcoin. There was a mining ban in China, a hashrate crash, there was the adoption of BTC as legal tender in El Salvador, plus a new all-time high that almost took the cryptocurrency to $70,000. And then, a subsequent price drop.
Given this scenario, CoinGecko presented its 2021 Annual Report, highlighting the achievements of Bitcoin.
The findings included that the largest cryptocurrency by market capitalization surpassed gold, oil and other traditional assets. The report notes:
“Bitcoin outperformed all major asset classes in 2021 despite its relatively small return.”
As can be seen in the graph, the CoinGecko report indicates that Bitcoin managed to close 2021 with an increase of more than 60%.
Source: CoinCecko
Among traditional assets, the one that experienced the best performance was oil, with an increase of 58%.
During 2021 the S&P 500 registered an increase of 29%. The NASDAQ grew by 23% and the DXY (US dollar index) increased by 6%.
In negative numbers are TLT (treasury bonds), and gold, both with -6%.
More Information (https://cryptonews.net/en/news/bitcoin/3018883/)