According to Cointelegraph, data provider Kaiko Research predicts that Bitcoin will outperform major traditional assets this year. Despite the grim macroeconomic situation and resistance faced by the crypto industry, Bitcoin still rose by more than 160% in 2023. Only a few company stocks have performed better than Bitcoin, including NVIDIA Corp (NVDA), whose stock price has risen 241% so far this year, higher than Bitcoin's increase (163%).
Kaiko analysis divides the BTC price trend throughout the year into three stages. From March to October, BTC's trading price was almost always between $25,000 and $30,000, and then fell sharply, hitting a multi-year low in mid-2023. However, with BlackRock's application for a Bitcoin spot ETF on June 15, the Bitcoin price rose above $40,000.
