The leading cryptocurrency by market capitalization, Bitcoin, broke its previous all-time high (ATH) to hit the $69,000 mark on November 10, up 71.8% year-over-year. . Since the local low of $30,000 on July 21, Bitcoin is up 56.6%.

Ethereum is up 456%

While it hasn’t really been a standout year for Bitcoin, the second largest cryptocurrency Ethereum has seen outstanding growth in 2021, +456% y/y.

Ethereum grew steadily throughout the year, hitting its first ATH of $4,182 on May 12 and a second ATH of $4,878 on November 10, making 2021 the second best performing year in history. Its 5 years.

Bitcoin and Ethereum have both outperformed both the stock markets and gold this year. During the same period, the Nasdaq and S&P 500 indexes had annual returns of 26.54% and 25.82%, respectively.

Interestingly, advocates often describe Bitcoin as digital gold, which has outperformed the market performance of physical gold in 2021, which has a return on investment (ROI) of -5. .26% as of time of writing.

Digital Gold vs. physical gold

Gold’s market activity has declined since mid-2020, from above $2070/Oz in mid-July 2020 to $1,812/Oz today, down 12.5%. Even so, gold has performed exceptionally well over the long term, up 59.7% in 5 years and up 12.5% ​​in 10 years.

However, the cryptocurrency has performed even better, with the price of BTC moving from $891 on December 23, 2016 to its current level of $49,220, a 57x increase in 5 years.

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