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What BTC price slump? Bitcoin outperforms stocks and gold for 3rd year in a row

Published 12/29/2021, 08:41 AM
Updated 12/29/2021, 10:20 AM
© Reuters.
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Bitcoin (BTC) may be down over 30% from its record high of $69,000, but it has emerged as one of the best-performing financial assets in 2021. BTC has bested the United States benchmark index the S&P 500 and gold.

Arcane Research noted in its new report that Bitcoin’s year-to-date performance came out to be nearly 73%. In comparison, the S&P 500 index surged 28%, and gold dropped by 7% in the same period, which marks the third consecutive year that Bitcoin has outperformed the two.

Bitcoin vs. S&P 500 vs. gold in 2021. Source: Arcane Research, TradingView
Inflation 2021: Actual CPI vs. Expected CPI. Source: BLS, New York Fed
Bitcoin exchange-traded fund holdings. Source: ByteTree, Arcane Research
Global gold-backed ETF flows. Source: World Gold Council
Bitcoin vs. VIX. Source: Arcane Research, TradingView
BTC/USD weekly price chart vs. Federal Reserve balance sheet. Source: TradingView

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