Bitcoin Surges 53% Over Past Year, Up 16-17% YTD, Outperforming Gold, S&P 500 Amid Corporate Demand

Bitcoin has experienced a 53.2% growth rate over the past year, outperforming both gold, which rose by approximately 35%, and the S&P 500, which increased by around 13%, according to data from Artemis. Year-to-date figures show Bitcoin up about 16-17%, continuing to outperform other risk assets such as U.S. stocks, which have seen modest gains of around 1-2%. Gold has also performed well this year, with increases ranging from 24.4% to 26%. The rise in Bitcoin’s value has been driven in part by growing demand from companies adopting strategies similar to MicroStrategy’s Bitcoin purchasing approach.

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Source: https://thedefiant.io/news/markets/bitcoin-surges-53-over-past-year-up-16-17-ytd-outperforming-gold-s-p-500-amid-cbf8ccf9