Despite the relatively tepid movement in the cryptocurrency market since Bitcoin reached… New all-time high (ATH) In March, Bitcoin, Ethereum, and Solana continued to lead traditional assets, Including gold. This was highlighted in a recent report that showed how crypto assets have provided the best returns for a while now.
Bitcoin, Ethereum, and Solana outperform traditional assets
Raoul PalThe co-founder of Exponential Age Asset Management (EXPAAM) shared the cryptocurrency investment firm's latest monthly update, which shows year-over-year returns on all major assets.
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Bitcoin,Ethereum, and Solana Traditional assets topped the list with annual returns of 141%, 152%, and 224%, respectively. For context, NDX, the best specialty Traditional assetsboasts an annual return of 17%.
Thanks to this, these crypto assets have become… Best performing assets In 11 of the last 14 years. These digital assets also appear to be on track to outperform traditional assets again this year, boasting higher year-to-date gains. Data from CoinMarketCap shows that Bitcoin, Ethereum, and Solana currently have YTD gains of more than 67%, 66%, and 70%, respectively.
On the other hand, gold, the best-performing non-crypto asset this year, has gained 13% since the beginning of the year. The NDX has a YTD gain of 10%, while the SPY has a YTD gain of 11%. It is interesting, instead Volatility Cryptoassets have been criticized at times, and this has largely contributed to why they continue to outperform traditional assets.
Global Macro Director at Fidelity Investments, Jurian Timmer, Previously highlighted How Bitcoin continues to record the best risk reward since 2020. He also alluded to the high volatility of Bitcoin, noting that huge withdrawals from Bitcoin also came with big gains. The same can also be said for cryptocurrencies, especially considering that a token like Solana, which fell as low as $10 in late 2022, is now trading above $170.
More future gains for BTC, ETH and SOL
Bitcoin, Ethereum, and Solana It is expected to record further YTD gains as the year progresses, given that the cryptocurrency market is currently going through a phase The bull ran. Recent developments in the cryptocurrency market also paint a bullish outlook for these crypto tokens. One is increased demand for Bitcoin ETFs. Data A study from Farside Investors showed that these funds recorded net inflows of $886.6 million on June 4, their best day since March.
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at the same time, Ethereum ETFs Trading is expected to begin by July. Cryptoanalysts love Michael van de Poppe We expect this money to lead to a significant rise in the price of Ethereum and other altcoins. “Solana Summer” also appears to be on the horizon, as the cryptocurrency token shows signs of an impending parabolic uptrend.
At the time of writing, Bitcoin has surpassed the $70,000 resistance level and is trading at around $71,000, up roughly 3% over the past 24 hours, according to Data From Coin Market Cap.
Featured image created with Dall.E, chart from Tradingview.com