() may be down more than 30% from its all-time high of $ 69,000, but it has become one of the best performing financial assets in 2021. BTC has outperformed the US benchmark, the S&P 500 and to the .
Arcane Research noted in its new report that Bitcoin’s performance to date (YTD) turned out to be almost 73%. By comparison, the S&P 500 Index was up 28% and gold fell 7% in the same period, marking the third year that Bitcoin has outperformed.
Bitcoin vs S&P 500 vs Gold in 2021. Source: Arcane Research, TradingView At the core of Bitcoin’s extremely bullish performance was higher inflation. The U.S. consumer price index (CPI) posted its biggest 12-month rise in four decades in November.
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