Bitcoin is on the move again. Priced just above $13,000, it is up 80% on the year, which is outpacing the year-to-date returns from leading equity performers in the S&P 500 including most of the infamous FAANG members. In fact, it has recently surpassed mighty Amazon.
Looking broadly at leading market indices, bitcoin’s performance this year is even more impressive. It is almost tripling the Nasdaq 100, which is up 32%. Additionally, it is outperforming the S&P 500 by 1600%, while the DJIA remains in negative territory.
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