- Bitcoin, Ethereum, and Solana outperform traditional assets with impressive annualized returns of 141%, 152%, and 224% respectively.
- Introduction of spot crypto ETFs in US and other countries fuels significant inflows, driving crypto’s ascent and market appeal.
- Solana’s meme coin mania within its ecosystem propels its rapid growth, ranking it among top assets for annualized returns.
Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have emerged as valuable assets outperforming traditional finance gems with their impressive annualized returns. This revelation comes from the latest monthly update by Exponential Age Asset Management (EXPAAM), shared by Raoul Pal, Co-Founder and CEO of Real Vision.
Crypto’s Dominance: Annualized Returns in Focus
According to the report, Bitcoin’s annualized return stands at an impressive 141%, with a cumulative growth of 22,497,039%. Ethereum follows closely, surging by 152% with a cumulative growth of 404,384%. Solana, the dark horse of the trio, rallied by a staggering 224%, boasting a cumulative growth of 10,836%.
The U.S. NASDAQ, the best-performing non-crypto asset, trails with a cumulative growth of 823% at 17% annualized. Gold, once considered a safe haven, in the bottom three assets with a cumulative growth of 55% over the past 14 years and a mere 3% annualized return. The other two laggards are U.S. Cash (BIL) and Commodities (DBC), bringing up the rear with the lowest returns.
Catalysts Driving Crypto’s Ascent
Several key factors have contributed to this impressive performance by cryptocurrencies. Firstly, the introduction of spot Bitcoin ETFs in the United States has enhanced significant inflows into the market, totaling $31.86 billion, excluding Grayscale’s GBTC outflows. Major ETF issuers like BlackRock and Fidelity have played a pivotal role in attracting these inflows.
Ethereum’s surge can be attributed to the Securities and Exchange Commission’s (SEC) approval of its spot ETF, further enhancing its market appeal. Beyond the U.S., spot Ethereum ETFs have also gained traction in countries like Hong Kong, while Thailand’s recent approval of a spot Bitcoin ETF has fueled speculation about a potential spot Ethereum ETF in the future.
Solana’s Meme Coin Mania
Solana’s fast growth, on the other hand, has been driven by the surging popularity of memecoins within its ecosystem. Solana coins like dogwifhat, BONK, Popcat, and many others have consistently gained traction among cryptocurrency users, despite market volatility, propelling the overall performance of the Solana network to rank among the top three assets with high annualized returns.
The dominance of Bitcoin, Ethereum, and Solana in terms of annualized returns serves as a testament to the growing acceptance and adoption of cryptocurrencies. While traditional finance assets struggle to keep pace, the three crypto assets reign appears to be solidifying, ushering in a new era of digital finance.
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