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

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© Reuters.

(BTCWhile it may have fallen 30% on its 2016 record high of $69,000. However, BTC has been one of the top-performing assets in financial markets by 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 and Expected CPI Source: BLS and New York Fed
Bitcoin exchange-traded funds holdings Source: ByteTree, Arcane Research
Global gold-backed ETF flows. Source: World Gold Council
Bitcoin vs. Source: Arcane Research, TradingView
Weekly price chart and Federal Reserve balance sheet. TradingView