Bitcoin (BTC) has seen its most successful Q1 in eight years as the Ides of March fail to materialize for hodlers.
Data published by analytics resource Bybt as Q1 2021 came to an end showed that BTC/USD gained more in the first three months of this year than any since 2013.
BTC price gains 103% in Q1
Despite not reclaiming all-time highs before Q2 began, Bitcoin put in a rare performance this March — normally, that month sees negative returns.
Not only did the largest cryptocurrency rise by nearly 30% this time around, it also posted its highest price in history of $61,700.
Zooming out, Q1 2021 saw only green candles each month for a combined quarterly rise of 103.1%. The last year to surpass this was also 2013 when the price was under $100, with a Q1 performance of 539%.
William Suberg
Bitcoin (BTC) and some altcoins will soon be available to Goldman Sachs clients, according to a new media report. Released by CNBC on Wednesday, comments from an interview with Mary Rich, global head of digital assets for the bank's private wealth management division, confirmed the bank's plans to offer crypto assets to investors.
The move will make Goldman the second major lender to open up the world of cryptocurrency to its clients, and it comes weeks after a pioneering move by Morgan Stanley.
″We are working closely with teams across the firm to explore ways to offer thoughtful and appropriate access to the ecosystem for private wealth clients, and that is something we expect to offer in the near-term,” CNBC quoted Rich as saying.
William Suberg
Bitcoin (BTC) has produced phenomenal returns most years, but when it comes to maximizing them, it's best just to buy and hodl. That was the conclusion from new data circulating on social media this week, which casts serious doubt on the merits of following investment advice from mainstream media.
Under the microscope was CNBC, which in 2017 offered viewers an investment portfolio made up of 30% Bitcoin and 70% altcoins. Four years later, those who invested $10,000 at the time now have around $52,300. Had they just bought and hodled Bitcoin, however, they would have over $140,000.
"The 30% #BTC allocation is responsible for 75% of the return," Twitter account StatsBTC, which uploaded the numbers, noted in comments.
CNBC's portfolio came courtesy of well-known pundit Brian Kelly, months before it hit then all-time highs of $20,000. Altcoins also saw peaks, months later in early 2018, with most only to crash and never recover.
This Daily Dose was brought to you by Cointelegraph.
