Cryptocurrency Bitcoin has become the most efficient asset in the world

According to Bloomberg, bitcoin became the best performing asset in the first quarter of 2023. The dynamics of BTC has eclipsed the most popular assets: since the beginning of the year, bitcoin has surpassed the S&P 500, gold, real estate, and the Nasdaq 100 in terms of profitability.

The flagship of the crypto market started the new year quite well, as the digital asset has grown in value by 70% since January. Experts pointed to the growing interest in the flagship cryptocurrency amid the development of the US banking crisis. Investors have become convinced that the banking sector is less stable, so they need to look for an alternative for investing, and for many users, bitcoin has become it.

On the morning of March 30, bitcoin even managed to reach an annual high. According to the Binance cryptocurrency exchange, the price of BTC reached $ 29,184 at its peak in June 2022.

At the time of writing, the quotes of the main asset have undergone a correction — bitcoin is trading at $ 28,473 with a market capitalization of $ 551 billion. Overall, bitcoin has risen by 20.5% over the past 30 days. Cryptocurrency continues to show better dynamics compared to traditional financial assets such as gold, stocks, and cash.

Most experts predict further growth for BTC. For example, Real Vision CEO Raul Pal believes that the BTC will reach $ 50,000 this year, and Ryan Selkis, CEO of Messari analytics company, is convinced that the main digital asset will even be able to cross the $ 100,000 mark.