New York-based digital investment group NYDIG has announced that BTC is still the best performing asset this year despite a sluggish third quarter. According to a report by NYDIG’s director of research, Greg Cipolaro, on October 4, sales in the third quarter rose by just 2.5%, indicating a recovery after the decline in the second quarter, but were hampered by massive sales in the same period. Cipolaro noted that BTC is still the best asset class for 2024, but its previous dominance has diminished. The price of BTC has risen by 49.2% so far this year. For most of the past six months, it has been trading in a rough range due to the massive resistance from Bitcoin resulting from the settlement of the lawsuit between Mt. Gox and Genesis creditors (totaling around $13.5 billion) and the massive dumping from the US and German governments, etc. Cipolaro added that other assets such as precious metals and some sectors of equity have outperformed BTC, and that most asset classes have had a great year. BTC price rose 10% in September, which is usually a negative month for this asset.
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