Bitcoin's return on investment (ROI) in Q1 2023 was 170.32% more compared to the average of five major stock indexes, according to data acquired and calculated by Finbold. Bitcoin's returns stood at 69.4%, while average returns for the indices stood at 5.5%. The high-profile collapse of major banks, including Silvergate Bank, Silicon Valley Bank, and Signature Bank, motivated investors to seek refuge in Bitcoin due to structural deficiencies in the banking system. Advocates of Bitcoin asserted that the asset's limited supply is a crucial aspect of its function as a store of value. Bitcoin's returns in the first three months of 2023 highlight the asset's breakout from major traditional investment products. As it currently stands, Bitcoin is anticipating a positive April, historically a favorable month for the cryptocurrency. However, uncertainty still lingers, and rising inflation remains a major obstacle.

(By Justinas Baltrusaitis)