Bitcoin is up 18% over the last 12 months. That’s slightly worse than the 24% gain in Apple’s stock price, and on a par with the 18% gain in the S&P 500 index.
“This means that even if you bought at the very worst time, but held for five years, you still made a 27% annual return. That means you would’ve outperformed about 99% of fund managers by simply picking the worst possible time to invest.The mainstreaming of BTC accelerated in the last 12 months. Most major banks now have crypto teams and are actively working on incorporating blockchain technologies and cryptos into their financial solutions.
“Regulations are coming to most countries in the next few years, and this will provide institutional investors [with] a level of comfort that is still lacking in this space. So this is definitely a positive move, and is bullish for BTC and some of the larger altcoins, such as ethereum and solana which are game-changers in the decentralised finance [DeFi] space.”
2. The current pullback in crypto prices is merely history repeating itself: during the recent bull market, BTC experienced over six pullbacks of greater than 20%, and every time it has proceeded to rally more than it pulled back. The recent bitcoin pullback has been textbook in nature: bitcoin is now more than 40% off its all-time high of $69 000.
The Smart Contract Bundle provides equally weighted exposure to the top five smart contract-focused cryptocurrencies such as ethereum, solana and polkadot. These cryptocurrencies allow developers to build applications on top of their blockchains, similar to how Apple builds apps on top of its iOS operating system.
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