Surpassing S&P500, Apple, Google, Gold and Silver: Bitcoin is Up 90% Year to Date

Bitcoin stands at $55,000 today, as of writing these lines. This means it’s about 90% up since the beginning of 2021.

While that’s impressive on its own, what’s even more notable is BTC’s performance compared to other well-known investment tools such as some of the most popular stock market indexes, the world’s largest companies, and precious metals like gold and silver.

BTC vs. all others – YTD 2021. Source: TradingView

S&P500 and Nasdaq Left Behind

The primary cryptocurrency entered 2021 at roughly $28.9k before it shot up to unseen heights in April at $65,000, which became the current all-time high. What followed were a few turbulent months prompted by FUD, initially from Elon Musk and later from China.

After it bottomed below $30,000 in July, BTC resumed its bullish run and has nearly doubled its value to $55,000 as of writing these lines. More specifically, it means it’s almost 90% up year-to-date.

While speculations run wild where it can end the year, with $100,000 being the prevalent opinion, it’s worth exploring how bitcoin compares to other assets from the more traditional financial spheres.


Let’s start with arguably the most popular stock market index – the S&P 500, which tracks the performance of the 500 largest companies listed on US exchanges. It has actually performed well this year – entered at 3,700, charted a new ATH in early September at 4,520, but has retraced slightly to 4,391 as of Friday’s closing. Meaning, it’s up by roughly 18% in ten months.

At the same time, the Nasdaq Composite index has registered a bit more modest gains since the start of the year – just under 15%. Interestingly, the Dow Jones Industrial Average has increased by a very similar percentage in the same time frame.

Let’s look at single stocks of the world’s most prominent companies. Apple’s shares are up by 10% YTD, Microsoft’s YTD ROI is 35%, Amazon’s by just 3%, Facebook’s (23%), and Tesla’s by 7.5%.

Google (Alphabet, symbol GOOG) has been among the best performers, with a notable 61% YTD increase. Yet, none of them is anywhere close to bitcoin in terms of yearly gains.

Bitcoin Vs. Gold Vs. Silver

Being regarded by many as digital gold, it’s also worth comparing the cryptocurrency with the yellow metal and perhaps silver as well. After all, silver’s market capitalization is still larger than bitcoin’s, at least according to

The two metals should be particularly popular these days, giving the global economic uncertainty and the increasing inflation. Yet, gold – arguably the most utilized store of value instrument historically – is down since the start of the year. It has declined by more than 7%, despite being slightly in October.

Silver’s situation is even worse as it has dropped by 17% against the dollar year-to-date.

Consequently, neither one of the two most popular precious metals can even come close to bitcoin in terms of yearly gains, at least as of October. As such, it’s not that big of a surprise that many prominent names, such as Anthony Scaramucci, Steve Wozniak, and Michael Saylor, have described bitcoin as the better option than gold.

It’s also worth noting that the cryptocurrency became the best-performing asset last century with an ROI of 8,900,000%.


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1,000% Dogecoin Rally? Crypto Analyst Says DOGE Mirroring Pattern From April Breakout

A top crypto strategist and trader says that it is within the realm of possibilities that Dogecoin (DOGE) can ignite a surge reminiscent of its massive breakout in April.

Justin Bennett tells his 73,300 Twitter followers that the leading meme crypto’s current price action mirrors a technical pattern last seen in DOGE six months ago before launching a whopping 13x rally.



“DOGE doing what it does best.

The last two breakouts triggered gains of 1,000% or more.

The latest round of consolidation has lasted three times longer than the pattern that preceded the April breakout, which was good for 1,200%.

One to watch if BTC behaves.”

Source: Justin Bennett/Twitter

According to the trader’s chart, DOGE is printing a large ascending triangle formation, a bullish pattern suggesting the continuation of an asset’s uptrend. Should DOGE follow Bennett’s script, the 10th largest crypto asset can ascend to as high as $3, marking an upside potential of 1,150% from its current price of $0.24.

Bennett is also bullish on DOGE in the short term, suggesting that the 10th largest crypto asset may be gearing up to take out its large diagonal resistance.

“DOGE is moving back to resistance.

Consolidation below resistance is _______.”

Source: Justin Bennett/Twitter

Fellow crypto analyst Altcoin Psycho emphasizes that when an asset trades close to a resistance area in a bull cycle, continuation is likely to take place.

“Consolidation under resistance in an up trend is bullish.

Consolidation under resistance in an up trend is bullish.

Consolidation under resistance in an up trend is bullish.

Consolidation under resistance in an up trend is bullish.

Consolidation under resistance in an up tre-“

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Regulators are coming for crypto: Is digital identity the answer?

The regulators are closing in. It’s one thing to unbundle market functions to their parts ― custody, aggregators and Prime Brokerage ― to satisfy institutional compliance departments. It’s another to keep regulators happy.

From the Financial Action Task Force pushing forward with its guidance for Travel Rule compliance to the still-evolving European Markets in Crypto-Assets regulatory framework, and the somewhat clumsily-handed U.S. infrastructure bill, the regulators are slowly tightening their noose, and I fear this may be the start of a multi-year staring match ― with the decentralized finance (DeFi) market now firmly in their sights, too.

Related: DeFi: Who, what and how to regulate in a borderless, code-governed world?

Could digital identity help?

Whenever I’ve been asked what Bitcoin’s (BTC) killer app would be over the past 10 years, my response has always been “digital identity.”

Today, the world stands at a crossroads. One turn leads to ever-increasing and privacy-invading oversight now that money finally follows information onto the rails of the internet. Down the other is a road that sees personal data returned into the hands of individuals and out of mega AI-crunching databases controlled by a handful of corporations and governments.

It might have been anathema to early Bitcoin purists but reality bites and, throwing the growing debate regarding COVID-19 digital passports into the mix, we’re seeing the clouds of a perfect storm on the horizon that is likely to become the key narrative for the years ahead.

As central banks everywhere dismiss crypto assets as nothing more than chips on the roulette table in favor of their own thoroughly “groundbreaking” CBDCs, the excitement at their realization that they can now do both monetary policy and oversight is palpable.

The crypto markets have, unfortunately, already become a victim of their success, getting regulators all in a tizz to boot. The higher those “market cap” numbers have gotten (reaching $2 trillion earlier this year), the more itchy regulators have become. The Chinese have simply taken the sledgehammer approach and banned everything (apart from their recently launched CBDC, of course) while, in the West, regulators are (at best) taking a nuanced approach or else fighting with each other over whose purview it should come under.

Related: Authorities are looking to close the gap on unhosted wallets

With the majority of crypto economic activity still flowing through the major crypto exchanges and OTC desks, FATF forcing Travel Rule compliance on Virtual Asset Service Providers (VASPs) may well keep the genie in its bottle for now while these on/off ramps remain easily identifiable. But what happens if, or when, a self-sustaining crypto economy emerges where the majority move beyond speculation and, instead, get “in” and stay “in”?

Or if DeFi grows beyond its sizeable, yet niche, playpen?

Fungibility, transparency and ‘tainted’ currency

Having spent the last decade or more forcing anonymous “physical cash” out of the system, requiring the reporting of transactions over a measly few hundred bucks, can you imagine the brouhaha should Satoshi’s original vision of an “anonymous cash system” actually proliferate?

If you want to know the answer to that, just look at what happened when Mark Zuckerberg had the temerity to suggest such a notion through his Diem (formerly Libra) stablecoin project that might have ended up in the hands of three billion users overnight ― and Diem has (what should be a regulator’s dream) a digital identity hard-baked into the protocol by design from the very beginning!

Related: Stablecoins present new dilemmas for regulators as mass adoption looms

Sometimes these guys really can’t see the wood for the trees.

There has already been an endless debate over the recent years regarding Bitcoin’s (or other crypto’s) fungibility given how they may become “tainted” if or when traced to nefarious use. Transparency of blockchains has proven to be a useful tool not otherwise at their disposal to law enforcement agencies, whilst hackers have mostly found it far from easy to convert their swag back into “useful” fiat as exchanges blacklist their visible wallet address trails.

But surely “money” itself can’t be “clean” or “dirty”, “good” or “bad”? Surely it’s just a dumb object (or database, or “block” entry)? Surely it’s only the identity of a transacting party that can be deemed (albeit subjectively) good or bad? Not that this is remotely a novel debate. You can go back to an 18th Century British legal case to find it’s all been argued over (and rectified) a long, long time ago.

Leaving aside Zuck’s true intentions for Diem, thankfully I’ve not been alone in my long-held opinion on the role that decentralized identity (DID) might play in both our crypto and non-crypto futures.

Related: Decentralized identity is the way to fighting data and privacy theft

Self Sovereign Identity and the tech giants

For all the excitement on crypto Twitter from even a whisper of interest in Bitcoin from any well-known tech brand, the fact that boring old Microsoft started exploring digital identity as its chosen use-case for “blockchain” as far back as 2017 has garnered relatively little attention.

Not that others within the crypto industry weren’t equally cognizant that this would become a critical piece of infrastructure. Projects such as Civic (2017) and GlobalID (2016) are already a good few years in development and the topic of Self Sovereign Identity, whereby the individual — not a gargantuan central database — maintains private control of their identity and decides for themselves who to share them with rather than a tech conglomerate, is back high on the agenda.

With data protection becoming such an issue for regulators and a challenge for the majority of firms with an online user base, you’d have thought that these ideas would be embraced by regulators and companies alike.

And maybe, just maybe, regulators will join our side if the crypto industry proves that it can build safer and more robust systems. Those systems need to satisfy regulatory requirements for identifying transacting parties in a peer-to-peer payment — and by doing so, enable more institutional participants to safely enter the crypto markets with their compliance officers able to sleep at night.

It is, after all, the Googles and Facebooks that have most to lose should decentralized digital identity prevail. Without our data to pimp, they’re royally screwed.

Related: The data economy is a dystopian nightmare

Murmurings of dissent are already being heard relating to the responses to the current World Wide Web Consortium (W3C) Call for Review regarding Decentralized Identifiers (DIDs) v1.0.

Will the turkeys willfully vote for Christmas or will they ultimately have to find a way to live with the inevitable in the same way that the major telcos had to in the 90s when they were up in arms at the idea that VOIP-utilising upstarts such as Skype might get away with enabling free telephony for everyone?

My hunch is that the masses, once armed with the right tools, will eventually win out but one thing is for sure: The battle lines have been drawn. So grab the popcorn and sit back. This fight is just beginning and has a good few years to run but, when it’s over, crypto nerds everywhere might finally see the global adoption they dream of.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Paul Gordon is the founder of Coinscrum, one of the world’s first Bitcoin Meetup groups in 2012, with over 250 events organized and over 6,500 members. Paul has been a derivatives trader/broker for over 20 years.