Bitcoin

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MicroStrategy co-founder Michael Saylor recently&nbsp;<a href="https://x.com/saylor/status/1804643560848794091" rel="noopener noreferrer nofollow">took to X</a> (formerly Twitter) to highlight Bitcoin's dominance over every other asset class.&nbsp;
The chart shows that Bitcoin's cumulative returns have reached 21,372,237% since 2011.&nbsp;
The nascent cryptocurrency dwarfs the returns of gold, tech stocks, and other assets.&nbsp;
Bitcoin has also outperformed every other asset class on an annualized basis, with average returns of 148%.&nbsp;
During this halving cycle, however, Bitcoin's price performance has been rather underwhelming so far. The leading cryptocurrency is lagging behind the MicroStrategy (MSTR) stock as well as a slew of mining stocks.&nbsp;
Following the launch of Bitcoin exchange-traded funds (ETFs) in early 2024, the price of the leading cryptocurrency hit its current all-time high of $73,737 in March. Notably, the flagship cryptocurrency managed to surpass the peak of the previous cycle before halving, which is why this bull run is so unusual.&nbsp;
Bitcoin is currently down 12.73% from its record high, and it is unclear whether it will be able to reclaim its current peak in the near future due to the lack of bullish catalysts.&nbsp;
Earlier this week, the cryptocurrency slipped below $64,000 for the first time in more than a month. The cryptocurrency is failing to revive its bullish momentum due to the double-whammy of significant outflows from cryptocurrency investment products and persistent inflation that is preventing further rate hikes.&nbsp;
Still, some pundits of the likes of Peter Brandt and Tom Lee believe that the largest cryptocurrency could peak at as high as&nbsp;<a href="https://u.today/tom-lee-doubles-down-on-150000-bitcoin-price-call" rel="noopener noreferrer nofollow">$150,000</a> during this cycle.&nbsp;

Saylor Highlights Bitcoin’s Dominance Over Other Assets

U_Today

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