Bitcoin finally broke its previous high of $ 64,802 six months ago and reached another record of $ 66,990 today, as seen at Binance. It currently has a market capitalization of $ 1.2 trillion, making it the eighth largest asset in the world, surpassing Facebook, Tesla, Berkshire Hathaway, Tencent and many more.
Bitcoin has risen 131 percent since January
Bitcoiners are too excited about the new ATH, which is expected to reach $ 100,000 in December. In addition, 100% of the total BTC supply is currently in profit mode, meaning that the portfolio of all inventors who have done HODLed until the fall of May to date is green.
At $ 66,990, BTC rose 131 percent this year. This means that if you invest $ 1,000 in BTC at the beginning of the year, you will have about $ 2,310. This is very large compared to gold, which has fallen by eight percent since last year. However, the YTD bitcoin returns are lower compared to the top four bitcoins.
Bitcoin vs. YTD altcoins
If you had invested $ 1,000 in Ether (ETH) at the beginning of January, your investment would have risen to $ 5,340 because ETH is currently 43 434 and priced at $ 4,078.
At the same time, Binance Coin (BNB) has risen in the YTD 1224 chart, meaning that a $ 1,000 investment at your current price will be $ 13,420. Cardano (ADA) has also increased 1111 percent since January and has a return on investment of $ 12,160. A $ 1,000 investment in Ripple (XRP) would also be priced at $ 4,180 at current prices.
Bitcoin’s new ATH is a turning point for many market participants, but some people care more about ROI investing than investing in the least assets. The PlanB analyst predicted that BTC would close around $ 100,000 this year, and the cows are hopeful because his forecast has been accurate over the past two months.