What Bitcoin Price Slump?
As has been said here beofre, people need to zoom-back and look beyond today’s price – as shown here, Bitcoin has overtaken and risen above gold and the S&P 500 – for three consecutive years now
What BTC price slump? Bitcoin outperforms stocks and gold for 3rd year in a row
“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.”