Bitcoin, Ethereum, and Solana Reigns Supreme Over TradFi Assets

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As a researcher with a background in finance and experience following the cryptocurrency market closely, I am thoroughly impressed by the stellar annualized returns of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) compared to traditional finance assets. According to the latest EXPAAM monthly update shared by Raoul Pal, these crypto assets have significantly outperformed their traditional counterparts.

Among the three leading cryptocurrencies – Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) – their exceptional annualized returns have placed them prominently in comparison to conventional financial assets.

Bitcoin and Peers Triumphs Over Traditional Assets

Based on the most recent EXPAAM report from Raoul Pal, Co-Founder and CEO of Real Vision, I’ve discovered that crypto assets have delivered remarkable growth during the past month.

Significantly, crypto assets outperformed their traditional finance equivalents in terms of annual returns. Topping the list were Bitcoin, which achieved a return of 141% and a total growth of over 22 million percent, Ethereum with a return of 152% and a cumulative growth of almost 405,000%, and Solana, which rallied by 224% and saw a growth of over 10,800%.

Here is the monthly EXPAAM update on annualised returns on all major assets.
Best Major TradFi Asset: NDX at +17% annualised
Major Crypto Assets:
BTC +141% annualised
ETH +152% annualised
SOL +224% annualised#DFTU
— Raoul Pal (@RaoulGMI) June 4, 2024

Over the past fourteen years, the EXPAAM index, which highlights the top-performing assets in eleven instances, has shown that the U.S. NASDAQ comes out on top among non-crypto assets, boasting a cumulative growth of 823% at an annualized rate of 17%. Conversely, gold occupies the bottom rung of the list with a meager cumulative growth of 55% over the same period and an annualized return of just 3%. The other two assets with the least impressive returns are U.S. Cash (BIL) and Commodities (DBC), which have underperformed significantly.

Bitcoin, Ethereum and Solana’s Fundamentals

As a researcher studying the dynamic Bitcoin market, I’ve identified several crucial factors contributing to its recent impressive performance. One noteworthy factor is the debut of a spot Bitcoin Exchange-Traded Fund (ETF) in the United States. Since their launch, these ETFs have attracted substantial investments, totaling approximately $31.86 billion, excluding Grayscale’s GBTC outflows.

As a crypto investor, I’ve observed an impressive surge in the value of my digital assets. The primary catalyst for this growth can be attributed to the substantial inflows drawn in by leading ETF (Exchange Traded Fund) issuers such as BlackRock and Fidelity. These financial giants have been actively attracting investors by launching new crypto-focused ETFs, thereby increasing demand for digital currencies and boosting their prices in the market.

Additionally, the SEC’s approval of an Ethereum spot ETF in the United States has increased its allure on the market. Likewise, regulatory bodies in other countries, such as Hong Kong, have given their nod to Ethereum spot ETFs. While Thailand recently approved a Bitcoin spot ETF, there is buzz that Ethereum may follow suit.

As an analyst, I’ve noticed that Solana experienced remarkable expansion, fueled primarily by the soaring demand for memecoins within its community. My observations indicate that Solana coins hold a prominent position among crypto enthusiasts due to their persistent profitability even amidst market instability.

As a Solana network analyst, I’ve noticed some intriguing memecoins that call Solana home. Notable mentions include Dogwifhat, BONK, and Popcat, to name a few. The excitement surrounding these coins has significantly contributed to the impressive annualized returns of the Solana network, positioning it among the top three assets in this category.

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2024-06-04 18:28