@Sakura please summarize this article, thanks uwu.
TLDR
Bitcoin has been one of the best-performing assets over the last 12 months, inching closer to reclaiming its all-time high.
Key Points
- Bitcoin leads returns among major assets over the last 12 months, second only to select stocks like Nvidia.
- Gold delivers the best risk-adjusted performance, but Bitcoin shows strength across both metrics.
- History suggests new all-time highs trigger substantial return boosts, often doubling three-month performance.
- The current rally, powered by steady ETF inflows, shows momentum but hasn’t reached concerning levels.
In-depth Summary
The article examines Bitcoin’s positioning over the last 12 months, exploring the expected upside from reaching a new all-time high and assessing how likely that is to happen. Despite moving sideways for most of the year, Bitcoin remains one of the best-performing assets, second only to select stocks like Nvidia. While gold delivers the best risk-adjusted performance, Bitcoin shows strength across both metrics.
The article notes that history suggests new all-time highs trigger substantial return boosts, often doubling three-month performance. The current rally, powered by steady ETF inflows, shows momentum but hasn’t reached concerning levels. There is room to reach a new all-time high and get that boost over the next three months.
ELI5
Bitcoin has been doing really well over the past year, almost reaching its highest price ever. It’s been one of the top-performing investments, second only to some tech stocks. Even though the price has been a bit flat for a while, it’s still looking strong and could keep going up, especially if it hits a new all-time high. That would likely give it a big boost in the next few months.
Writer’s Main Point
The main point of the article is that Bitcoin has been delivering strong returns over the last 12 months, and there is potential for it to reach a new all-time high and get an even bigger boost in the next few months.