The result showed that Bitcoin SV (BSV) emerging as the clear winner in comparison to gold, stocks, and other top cryptocurrencies.
According to the result, BSV witnessed a whopping 147.5% gain in its value. This is nearly three times the amount of the crypto market leader, Bitcoin (BTC). And, when compared with the universal safe-haven asset, gold, BSV returns were seven times better. Incidentally, Ethereum (ETH), which after BTC has the largest market cap in the crypto space, was further behind. It also recorded a negative 7.8% in value change in the last 12 months.
Notably, all of these assets pursue a common objective. They enable users to have a store of value for securely preserving and increasing wealth.
Bitcoin SV’s off the chart performance
To remind, Bitcoin SV is the original Bitcoin protocol. It is also the only platform with a massive scalability and open-ended utility. As this can lead to creating long-term token value, BSV has justified its position as a top choice for a real store of value.
Recently, the BSV price had experienced a remarkable increase in value after Bitcoin creator, Craig Wright, submitted the “Tulip Trust III” document. And this led to CoinGeek.com founder, Calvin Ayre, to declare that it would soon become the new norm.
It is worth pointing out that BSV’s unique value proposition stems from its focus on providing utility rather than being a mere speculative asset. Added to this is its superiority in ensuring unbounded scaling limits and extremely low transactional fees. Also, among its stated goals is the aim to emerge as the single global LEDGER that eliminates the need for multiple public blockchains.
In fact, the transactional throughput capability of BSV outshines the top two ranked digital assets, BTC and ETH. And all this while BTC valuation is over 35 times higher, with ETH almost five times higher based on the current market cap.
Outcome for the traditional indices
According to reports, the Dow Jones and S&P 500 experiencing negative yields and a sharp value decline was following an extensive bull run. In comparison, BSV’s impressive performance and huge gains for the period in review seems to repudiate a pet theory. Although there are some connections with digital currencies of speculative nature, it is perhaps time to stop correlating all crypto assets with traditional markets.
