Kaiko Research compared BTC with video card and chip maker Nvidia, Bitcoin investor Microstraregy, crypto exchange Coinbase, the Nasdaq 100 index and various investment vehicles in a chart comparing annual performances.
Among the investment instruments considered, Nvidia ranked first with a 241 percent performance, while BTC ranked second. According to the research, Brent oil and bonds have lost their investors this year.
Kaiko Research evaluated the price movement of cryptocurrencies at three different stages during the year. Emphasizing that Bitcoin remained flat between March and October after its rise in early 2023, experts stated that the BTC price exceeded $ 40,000 when giant companies such as BlackRock applied for a spot ETF to the SEC.
"Despite the dull course in the middle of the year, Bitcoin took the second place after Nvidia, which doubled in value in four months as artificial intelligence became a hot topic."
Interest in cryptocurrencies is expected to increase as the US Securities and Exchange Commission approves spot Bitcoin ETF applications in the coming days.
