Bitcoin has not managed to break out of the roughly $60,000 to $70,000 range for the past four months. Four months of a ranging price action is a long time. That’s enough to get people question their positions and ask whether or not Bitcoin is dead again.
But if you compare the performance of Bitcoin to that of other assets with similar size, or if you compare to other historical periods, it turns out Bitcoin is not doing so bad.
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Bitcoin is performing well despite the last few months
The takeaway
Recent months might give you pause about Bitcoin. But zoom out a bit, and there's no question Bitcoin remains a high-performing asset:
It still beats most traditional assets in growth.
It's now doing so with lower volatility than before.
BTC operates within the parameters of traditional 4-year cycles.
While it's healthy to watch for short-term risks, Bitcoin remains our favourite macro bet.
Performance wise, only two sectors stand out
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