CoinDesk data and strategist Charlie Bilello highlight Bitcoin's strong year-to-date performance amidst minor short-term volatility and record historical returns.
Bitcoin slipped 0.11% in 24 hours to $116,702 but remains up 25% year-to-date, second only to gold’s 29.3% gain among major asset classes, according to data shared by financial strategist Charlie Bilello. The cryptocurrency has delivered an extraordinary cumulative return of 38,897,420% since 2011 and an annualized return of 141.7%. Technical analysis revealed a 24-hour trading range of about $1,534.42 with defined support and resistance levels, while renowned trader Peter Brandt emphasized Bitcoin’s potential to eventually surpass gold as a store of value.