Experts from the CoinGecko platform published a report according to which the first cryptocurrency has demonstrated high profitability over 10 years – the asset grew by 26,931%.

CoinGecko analyzed the performance of the first cryptocurrency compared to other classic assets in the short and long term.

Since the beginning of 2024, Bitcoin has become the best-performing asset with a return of 129%, indicating its further growth potential. It is followed by gold at 32.2%. The S&P 500 index showed growth at 28.3%. Crude oil yields fell 0.13%, with the five-year Treasury yielding 5.3% and the 10-year yielding 8.2%.

Over 5 years, Bitcoin rose 1,283%, while the returns of the S&P 500 and gold were 96.7% and 84.6%, respectively. Five-year Treasuries rose 157.1% and 10-year Treasuries rose 149.9%. Analysts believe that this period shows the potential of the first cryptocurrency in the medium term.

“This ten-year review shows that Bitcoin is the best-performing asset with high growth rates, while gold, bonds and stocks are safer alternatives with lower returns for investors who are risk-averse,” the report said.

According to CoinGecko, the rise in Bitcoin prices over the past decade has been accompanied by increased volatility. The price of the asset dropped to $172.15, and the first cryptocurrency set its historical maximum at above $106,500. Over 10 years, Bitcoin has had two “bullish cycles”: in 2017-2018 and 2020-2021. The market is currently in the middle of another bull cycle.

Earlier, analysts at the trading company QCP Capital named the reasons why Bitcoin reached a new record. In the short term, the asset price may demonstrate an even more rapid rally, experts said.