CoinShares revealed a market buying opportunity amounting to $398 million in inflows for Bitcoin in the last week.
The July 8 report also highlighted an inflow into Bitcoin (BTC) amounting to $398 million. According to CoinShares, the weakness of Bitcoin prices, alongside activity from Mt. Gox and selling pressure from the German government, were the likely causes of investors’ buying sprees.
Mt. Gox’s creditors have seen the value of their BTC increase by over 8,500% since the exchange’s demise.👍🏿🤩😎
Inflows were primarily seen in the United States with $384 million, followed by Hong Kong ($32 million), Switzerland ($24 million) and Canada ($12 million), whereas Germany saw $23 million in outflows.
What To Know
Bitcoin Returns vs. Major Asset Classes
* In The Decade From 2011-2021, Bitcoin Was The Best-Performing Asset In The World
* In 2023, Bitcoin Is Once Again The Top Performing Asset Class
The crypto winter finally came to an end in 2023, as bitcoin soared 156% over the year.
Not only did Bitcoin outperform all major asset classes, it saw its best year since 2020.
By comparison, the S&P 500 posted 25% returns in 2023, rising above its historical average of 11.5% while U.S. bonds saw 5% returns.
Source: Visualized: Bitcoin Returns vs. Major Asset Classes: https://www.visualcapitalist.com/bitcoin-returns-vs-major-asset-classes/
Meanwhile:
* Japanese Public Firm Metaplanet Buys Another $2.5M Of Bitcoin
* Metaplanet Buys Another $1.2M Worth Of Bitcoin As Investment Strategy Progresses, Japan’s Metaplanet Plans 1B Yen Bond Sale To Buy More Bitcoin
* Metaplanet Discloses $1.6M BTC Purchase; Shares Jump 10%
* Medical Device Maker Semler Scientific Buys $17 Million More Bitcoin And Is Raising Money To Purchase More
* Semler Scientific Shares Up 30% After Adopting Bitcoin As Treasury Reserve
* Abra Launches Treasury Service For Corporates That Want To Hold Crypto
* Why A US Senator Just Said The Fed Should Buy Bitcoin
* The Market Cap Of The U.S.-Listed Miners Grew Almost 20% As The Sector Re-Rated Due To AI-Related Power Use Cases
* Bitcoin Mining Profitability Rose In June As Market Adjusted For The Halving: Investment Bank Jefferies
* Private Equity Giants Are Circling Bitcoin Miners On AI Allure
* Germany Still Holds $1.3B (23,800 BTC) Worth Of Bitcoin, Blockchain Data Show
* Warren Buffett's Brazilian "Neobank" Nubank Brings Bitcoin Lightning Network To It's 100M Latin American Customers
Remainder Of The Article: Bitcoin Is World’s Best Performing Asset Class Over Past 10 Years: https://dpl-surveillance-equipment.com/bitcoin-and-crypto-currency/bitcoin-is-world-s-best-performing-asset-class-over-past-10-years-gotbitcoin/
