Bitcoin outperforms gold and stocks.

Jafar224

Charlie Morris, the founder of investment advisory firm ByteTree, stated in Wednesday's market report, "Bitcoin is becoming mainstream, and the bear market is behind us. The good times are here." ByteTree emphasized the strong performance of BTC compared to traditional assets like U.S. stock indices and gold, which have also been on the rise.

Morris pointed out, "Bitcoin's trend is not only strong in terms of the US dollar but also relative to other major assets. This is crucial for institutional adoption because they won't buy alternative assets unless there is an additional return."

Morris also noted a strengthening trend in altcoins after enduring a harsh two-year cryptocurrency winter. The ByteTree Crypto Average (BCA), measuring the equal-weighted daily average price change of the top 100 tokens, received a four-star rating (out of 5) for the first time since April.

Morris concluded, "When the trend is positive, it's best to increase exposure to cryptocurrency."

Yamini003

It seems that Bitcoin has surpassed both gold and stocks.

Ritu13

The performance of Bitcoin is still quite impressive.

Ritu77

While it outperforms them, it cannot replace them.