Bitcoin’s Growth: Outperforming All Major Assets Since 2011

• Bitcoin’s dominance in cryptocurrency has risen from 39% in 2022 to over 60% today.
• Despite its 156% rise in 2023, Bitcoin’s volatility suggests another correction is coming.
• Since 2011, BTC has outpaced all assets with the highest returns, with only 3 negative years.

Analyst Charlie Bilello discussed the continued expansion of Bitcoin’s weighted dominance in the cryptocurrency market. Bilello highlighted that Bitcoin (BTC) now commands 60% of the total cryptocurrency market capitalization, up from 39% in November 2022. Ethereum (ETH) holds a 10% market share, far behind Bitcoin. Bitcoin has consistently outperformed Ethereum in recent weeks, with ETH experiencing a price decline.

Bitcoin’s Price Surge and Risks

Bitcoin reached a peak of $109,114 in early January 2025, trading at $95,201 as of press time. This price surge followed the November U.S. elections. Bilello noted that despite its recent gains, Bitcoin has also undergone significant corrections. BTC gained 156% in 2023 and 121% in 2024. However, Bitcoin’s price history indicates that significant downturns are possible, making another correction likely. 

Bitcoin’s Volatility and Gains

Since 2011, Bitcoin has outperformed all traditional assets in terms of returns. Throughout its history, Bitcoin has only recorded three years of negative performance. Due to such a consistent and long-term increase, Bitcoin has become a highly volatile yet high-yield asset in both current and future markets.

Bilello also explained that speculation plays a significant role in the cryptocurrency business. He also raised concerns about meme coins like DOGE, stating that these tokens lack intrinsic value. Following the 2024 U.S. elections, Dogecoin saw a massive price surge but has since experienced a sharp decline. This can be attributed to speculative demand rather than the asset’s intrinsic value.

Related: Metaplanet Acquires Additional 269.43 BTC, Surge To 2000 BTC

Meme coins have faced significant downturns, with Fartcoin, once valued at over $2.4 billion, now having a market capitalization of just $500 million. The official Trump meme coin, launched before the inauguration, has also plummeted, losing over 34% of its value. These trends highlight extreme volatility and suggest that a potential crypto market bubble could impact Bitcoin.

Over the next few years, Bitcoin is expected to undergo cyclical periods of growth and correction. The crypto market remains highly volatile, with price fluctuations largely driven by investor sentiment. Ultimately, Bitcoin’s ability to maintain its dominance or face another major correction will depend on market conditions and investor behavior.

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