A recent report has revealed that investors who held Bitcoin during the first half of 2023 outperformed most cryptocurrency funds. Bitcoin experienced a remarkable gain of over 80% in value between January and June, surpassing the average return of 15.2% generated by crypto funds. The report, released by Switzerland-based investment adviser 21e6 Capital AG, highlighted the significant performance gap of 68.8% between Bitcoin traders and crypto funds in H1.
This outcome can be attributed to Bitcoin's strong performance as one of the best-performing crypto assets during the period, buoyed by the anticipation of SEC approval for a Spot Bitcoin ETF. While crypto funds struggled, Bitcoin's positive outlook for the second half of 2023 remains promising, with potential price spikes expected if major investment firms introduce Spot Bitcoin ETFs.
The influx of capital could trigger a fresh bull market for cryptocurrencies, leading to further gains for Bitcoin holders. At the time of writing, BTC is trading at $29,043.
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