Despite 2021 continuing to be a wild ride for cryptos — and Bitcoin especially — and naysayers who see it as a passing fad, Bitcoin is the best performing asset so far this year, beating both stocks and commodities.

                By                    Yaёl Bizouati-Kennedy

Explore: ‘Rich Dad’ Author Robert Kiyosaki Recommends Bitcoin Investments Before ‘Biggest Crash in History’Learn: Offset Crucial Bitcoin Tax While You Can — This Lucrative Loophole Could End in 2022

“After the strong Q3 performance Bitcoin is now up 49.1% year-to-date,” Bitcoin tweeted in regard to NYDIG data.

— Bitcoin (@Bitcoin) October 4, 2021

Bitcoin saw inflows of $48m last week, after having suffered the longest run of outflows on record, this is now seen its third week of inflows totaling $115 million, according to CoinShares. “We believe this decisive turnaround in sentiment is due to growing confidence in the asset class amongst investors and more accommodative statements from the U.S. Securities Exchange Commission and the Federal Reserve,” according to CoinShares.

Several experts remain optimistic about Bitcoin’s near future, including Ark Investments’ Cathie Wood, who reiterated her trust in Bitcoin, saying last month at the SALT conference held by hedge fund SkyBridge Capital that she believes it will reach “over $500,000.”

More: 15 Environmentally Sustainable Cryptocurrencies To Invest In Right Now

Jablonski added that the “green” concerns are being researched and quickly implemented by many major miners to address climate concerns. “You have the SEC deliberating over ETFs and mutual funds, which if launched would increase overall holdings. In the U.S. it is now easier than ever to buy, use and convert crypto with various platforms from PayPal, to Coinbase, to trading exchanges providing the technology and space to exchange bitcoin.”

“The future is NFT, blockchain and crypto,” she added. “I wouldn’t be surprised if digital assets get to the trillions in coming years, this is what the ETF was in the ’90s. The next big thing.”

See: New Study Dubs California No. 1 Most ‘Crypto-Ready’ StateFind: 8 Best Cryptocurrencies To Invest In for 2021

Bitcoin crossed the $50,000 threshold once again a few days ago, and is up 9% at $54,000 today, according to CoinMarketCap data.

Last updated: October 6, 2021

  • 10 Best Cash Advance Apps That Cover You Until PaydayWhat Happens to Social Security When You Die?The 10 Best Balance Transfer Credit Cards for 2023Experts: 4 Safest Places To Keep Your Savings