The future of cryptocurrency

Bitcoin bulls have rightly felt they have been proved right in recent weeks following the spectacular crash in 2022 that left many doubting the future of the cryptocurrency. After plummeting 64% last year, Bitcoin has recently outperformed major asset classes amid the banking turmoil that has rocked the financial world. The chart shows how Bitcoin has performed so far this year, compared to gold, the S&P 500 and an indicator that tracks the performance of the 100 largest digital assets.