VanEck: 'BTC Outperformed Most Assets in Past Year'
CryptoNewsTerminal Staff20 Sep, 2024
VanEck: 'BTC Outperformed Most Assets in Past Year'
In its latest report, VanEck stated that Bitcoin has outperformed most assets over the past 12 months. The report notes that "spot BTC has rallied by about 124% since September 2023. Currently, it has a market capitalization of roughly $1.25 trillion, representing 56% of the entire crypto market. This is up from about 15% a year ago." According to the report, Bitcoin's performance outpaced gold, which gained 9% over the same period. The S&P 500 index, a benchmark for U.S. stocks, returned about 7% over the past year. The report also suggests that "there are growing expectations for the long-term bull case for Bitcoin to resume in the near future. However, the recent price action has spooked some investors."
