Bitcoin, Ethereum, Solana Outranks Traditional Assets in Latest EXPAAM Ranking

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As a seasoned crypto investor with years of experience under my belt, I can’t help but be thrilled by the latest EXPAAM data that shows digital assets like Bitcoin, Ethereum, and Solana outperforming traditional assets. The cumulative returns presented in Raoul Pal’s table are a clear testament to the potential of this burgeoning asset class.

The latest EXPAAM data unveiled by Exponential Age Asset Management reveals that digital currencies, including Bitcoin (BTC), Solana (SOL), and Ethereum (ETH), have surpassed various conventional assets in terms of growth. This superiority is evident over the extended time frame as well as during this year up to now.

Traditional Assets Bleed amidst Crypto Surge

The EXPAAM table, which was provided by Real Vision’s co-founder and CEO Raoul Pal, displayed the cumulative returns of 16 various assets. This collection consisted of both digital currencies and their traditional counterparts. According to the data, Bitcoin emerged as the top performer among digital assets as well as more established investments such as SPDR S&P 500 ETF Trust (SPY), Gold (GLD), Invesco QQQ Trust Series (QQQ), and iShares 20+ Year Treasury Bond ETF (TLT).

The most recent EXPAAM benchmark results have been released. Cryptocurrencies maintain their top position in the long-term and year-to-date rankings.

— Raoul Pal (@RaoulGMI) July 1, 2024

Each year’s presented annualized returns serve as evidence of digital assets’ impressive performance. To clarify, this figure represents the average yearly growth rate of an investment during a given timeframe. Bitcoin yielded a remarkable 140% return, Ethereum followed closely with 149%, while Solana took the lead with a stunning 214% increase in returns.

Among the conventional assets, not a single one achieved more than half the growth seen in any of the cryptocurrencies under consideration. The Invesco QQQ Trust Series, which typically delivers the best annualized return among traditional assets, managed just an 18% increase. The rest, including gold, showed returns ranging from 1-8%, with many years of trading falling nearer the lower end of that spectrum.

The SPDR Bloomberg Short-Term Treasury ETF (BIL) has been one of the poorest-performing assets over the past year, posting a zero annualized return. Sadly, this ETF has been declining for the last 14 years, as indicated on the EXPAAM ranking chart. Conversely, the Invesco DB Commodity Index Tracking Fund (DBC) saw a -1% annualized return.

Bitcoin and Ethereum Critics May Now Surrender

As a crypto investor, I’ve observed that despite the volatility in Bitcoin, Ethereum, and Solana’s prices, these cryptocurrencies have remarkably surpassed the performance of their rival counterparts.

The perspective on this market may provoke doubts among Bitcoin skeptics, such as Peter Schiff, who have repeatedly criticized its designation as a “safe haven” asset. Schiff persistently draws parallels between Bitcoin and gold, emphasizing the price fluctuations typical of the latter commodity.

As a researcher studying financial trends in the healthcare industry, I came across an intriguing development in May when Semler Scientic (NASDAQ: SMLR) announced its acquisition of $40 million worth of Bitcoins as part of their treasury. However, renowned economist and gold advocate Peter Schiff expressed his opposing perspective on this move through social media. He voiced concerns about potential negative consequences of embracing a Bitcoin strategy.

Based on the expansive development indicated in the EXPAAM data, Schiff and other crypto skeptics might find that their negative views on cryptocurrencies are no longer gaining much traction. As a result, widespread acceptance of cryptocurrencies within mainstream circles could potentially increase over time.

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2024-07-01 17:58