Bitcoin has outperformed all asset classes by at least a factor of ten over the last ten years.
Charlie Bilello, the CEO and founder of Compound Capital Advisors, recognized the milestone by compiling the top asset classes’ output using data from Ycharts.
In response to the results, Messari researcher Roberto Talamas pointed out that Bitcoin has produced an annualized return of 230 percent on average, which is more than ten times that of the second-ranked asset class.
The U.S. Nasdaq 100 Index comes in second with a 20 percent annualized return, followed by U.S. Large Caps — shares in U.S.-based firms with market capitalizations above $10 billion — with a 14 percent annualized return. At 12.9 percent annualized returns over the last ten years, U.S. Small Cap stocks is the only other asset class to achieve double-digit annualized returns.
The data also shows that gold has produced a paltry annualized gain of 1.5 percent since 2011, with five of the last 11 years leading to declines for the asset. According to Gold Price, the price of gold has dropped by 8.5 percent since the start of 2021, much to the chagrin of Bitcoin skeptic and gold trader Peter Schiff.
According to cointelegraph.com, since 2011, BTC has risen by a whopping 20 million percent. The year 2013 was Bitcoin’s best-performing year, with a rise of 5,507 percent.
The data also shows that Bitcoin has only had two years of annualized declines in its history, with BTC dropping by 58 percent in 2014 and 73 percent in 2018.
BTC has gained 108 percent since the start of 2021, with the markets reaching an all-time high of just over $61,500 on Sunday, March 14.