Matrixport Report Shows Bitcoin's 150% YTD Gain, But Coinbase and BTC Miners Outperform
According to a recent report by Matrixport, Bitcoin has seen a YTD increase of over 150%, outperforming the Nasdaq by over 53%. However, other crypto firms such as Coinbase and Bitcoin miners have seen even bigger gains, with Coinbase climbing over 333% and Bitfarms Ltd experiencing a jump of 601% in the past 12 months. Matrixport suggests that a diversified portfolio including these companies could see potential gains of up to 572% if Bitcoin hits $70,000. The report also highlights the surge in Bitcoin transaction fees due to renewed interest in non-fungible tokens (NFTs). Matrixport remains bullish on Bitcoin, predicting a price of $125,000 by the end of 2024.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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