With a roughly 70% gain, Bitcoin is closing out its best quarter since the three months ending March 2021, when it surged 103%.
That vastly outstrips the S&P 500’s 5.5% year-to-date advance, the Nasdaq 100’s 19% uptick, and the iShares 20+ Year Treasury Bond ETF’s 5.3% jump.
BTC Finding Its Place
Bitcoin is set to close out the first fiscal quarter with its best three-month performance in nearly two years. Marking an extraordinary turnaround of fortunes as the top coin looks set to close Q2 2023 with roughly a 70% price increase.
Other asset classes, such as stocks, have been left behind in Bitcoin’s tracks. Bitcoin has vastly outpaced the current 5.5% of the 2023 performance that the S&P 500. Bitcoin has also gained over three times the amount that the Nasdaq 100 has in Q2 2023, with its 19% price gain.
The final quarter of 2022 proved challenging for Bitcoin, losing around 15% in value. Factors such as the poor…
