Key Points
- Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have outperformed several traditional assets, according to new data from EXPAAM.
- Despite being considered volatile, these digital assets have outshone their traditional counterparts.
The latest data from Exponential Age Asset Management (EXPAAM) reveals that digital assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have significantly outperformed many traditional assets.
This outperformance is noticeable both in the long-term and in the Year-to-Date (YTD) period.
Digital Assets Triumph Over Traditional Ones
Real Vision’s co-founder and CEO, Raoul Pal, shared the EXPAAM data, which displayed the performance of 16 assets, a mix of digital and traditional ones.
Bitcoin was leading in terms of cumulative returns, outperforming other digital assets and traditional ones such as SPDR S&P 500 ETF Trust (SPY), Gold (GLD), Invesco QQQ Trust Series (QQQ), and iShares 20+ Year Treasury Bond ETF (TLT) among others.
The annualized returns of each asset highlight the superior performance of digital assets. This metric measures how much an investment has increased on average each year during a specific period.
Bitcoin has an annualized return of 140%, ETH at 149%, and Solana leading with a 214% surge in gains.
None of the traditional assets performed half as well as any of the profiled cryptocurrencies. Invesco QQQ Trust Series, known for having the highest annualized return among traditional assets, registered only an 18% surge.
Shifting Market Outlook
Despite their volatility, Bitcoin, Ethereum, and Solana have significantly outshone their rivals.
This market performance is likely to challenge the views of critics who have consistently spoken against Bitcoin’s status as a “safe haven”.
In May, healthcare firm Semler Scientific made headlines when it announced its acquisition of $40 million worth of Bitcoins as part of its treasury. However, the economist and gold proponent, Peter Schiff, quickly shared his negative views on the acquisition.
With the growth outlined in the EXPAAM data, critics may find fewer people listening to their anti-crypto opinions. As a result, the crypto industry could see more mainstream adoption in the long run.
