BTC - Is Bitcoin Still the Gold Standard in Cryptocurrency?
2024-07-20 08:13:00 ET
With a market cap of approximately $1.3 trillion, Bitcoin (CRYPTO: BTC) continues reigning as the world's most valuable cryptocurrency. No surprise, then, that both retail and institutional investors have typically chosen Bitcoin as the first crypto they add to their portfolio.
However, cryptocurrency faces new challenges as it attempts to go mainstream, and its stellar 15-year track record of performance will be difficult to replicate. So, is Bitcoin still the gold standard for crypto investors?
The primary factor driving Bitcoin's popularity with investors has been its long track record of delivering market-beating returns. During the decade from 2011 to 2021, it was the best-performing asset in the world, and it wasn't a close race.
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Is Bitcoin Still the Gold Standard in Cryptocurrency?