2021 was a volatile year for Bitcoin (BTC), with historic spikes and massive declines. However, the confidence of retail and institutional investors contributed to the cryptocurrency gaining more and more weight in the international financial system and being recognized by the New York Digital Investment Group (NYDIG) as the best performing asset in 2021.
After hitting its all-time high in April, BTC collapsed following environmental concerns around mining. Later, when it started to recover, China’s crypto ban once again struck the market a hit. After exceeding each of the objectives for the year, the asset faces the last quarter with more force than ever and with a partial annual growth of more than 50%.
Compared to major commodities, BTC stands out with superior growth by almost 13%; Compared to micro-capitalization companies in the United States – the largest in the world – the advantage stretches to 17%, so far.
In historical terms, the optimism with BTC from analysts is even higher. September has always been a difficult month in the market, and the cryptocurrency has managed to defend itself in an acceptable way. October, November and December, on the other hand, have known how to stand out for hosting strong price increases.
Anyway, it should be noted that BTC is the reference that is taken in the crypto market when analyzing the gains with the rest of the assets and values of the market. Inside the crypto ecosystem, there have been altcoins with much more significant rises than the leading cryptocurrency.
Solana (SOL), for example, started the year at USD 1.6 and is currently trading at USD 215, which represents an annual jump of more than 13,000%. Dogecoin (DOGE), despite all its ups and downs, has registered an increase of approximately 6,000% since January 1.