Business Standard

This asset has beaten others hands down in 2023 with a rise of 165%

A positive for Bitcoin over the next few months is the expectation that the BlackRock application to launch a Bitcoin spot ETF is likely to be approved soon

Bitcoin
Web Exclusive Premium

Photo: Bloomberg

Puneet Wadhwa New Delhi

Listen to This Article

A rise of 165 per cent calendar year-to-date (CYTD) to around $44,000 levels has seen Bitcoin beat other asset classes like equities and gold hands down in 2023. Frontline equity indices across the globe such as the S&P BSE Sensex, Nifty50, S&P BSE Smallcap index, US’ NASDAQ, Japan’s Nikkei 225, France’s CAC 40 and Korea’s KOSPI have returned 12 per cent to 43 per cent during this period.
Precious metals – gold, silver and platinum – have returned a negative 14 per cent to 11 per cent during this period, shows data.

The sharp rally in crypto currencies, such as

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 12 2023 | 9:09 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com