Hashdex, a global crypto asset manager, has conducted a survey of the asset classes that have appreciated the most over the past decade. Bitcoin, the largest decentralized digital currency, topped the list with growth of 7,880% over the period.
This number stands out because it is five times greater than the sum of the other eight assets that make up the list of major highlights between 2014 and 2023.
For example, the S&P 500 is in second place with an appreciation of 381.5%. The IMA-B (an indicator formed by government bonds indexed to inflation measured by the IPCA) is third with 189.3%. Of all the asset classes analyzed by the survey, the Ibovespa ranks last, with an increase of 102.8% in ten years.
Much has changed since 2014 and bitcoin now occupies the top valuation of the past decade, study says
The history of Hashdex analysis shows a curious variation. In 2014, Bitcoin ranked last among assets, down 52%.
Then, between 2015 and 2017, it ranked first, with growth of 101.8%, 91.9% and 1,365.5% respectively.
In 2018, it bottomed again and dominated valuations between 2019 and 2021.
The data, consolidated with the foundation of Hashdex and Quantum, shows a variation of the crypto asset, but also how it has consolidated and dominates with gaps among the world’s top investments.
According to Samir Kerbage, Global CIO of Hashdex, the study proves the claim of long-term investment in cryptocurrencies.
“This study positively reinforces our position on long-term investment in crypto assets. We are talking about a technology with the potential to transform the global financial scenario. The valuation of crypto assets, especially bitcoin and ethereum, are just natural reflections of this market evolution. We are happy to take an active part in this revolution and offer investments in crypto assets in a simple, safe and regulated way.”
Other Investor Favorites
Hashdex’s research also includes other types of investments that are known to attract large numbers of people.
For example, Pre-Fixed Fixed Income over five years is the fourth most valued asset over the past decade, up 183.1%.
The CDI, driven by the Selic’s uptrend over the period, only occupies sixth position, with gains of 122.8%.
It is followed by the dollar, which appreciated by 113.5%. It is worth remembering that in 2014, the year the Hashdex study began, the US currency was quoted at R$2,347 and today is close to R$5.00.
Finally, it is good to consider that the appreciation of bitcoin in 2023 will also put the digital currency in the spotlight in the year, showing that price behavior continues to increase.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
