Investors in the Bitcoin and altcoin market often assess the year-end performance to determine which investment has yielded the most returns. These evaluations not only reflect past gains but also serve as a guide for future investment decisions. Mert Başaran recently provided his insights into the performance of various investments in 2023.
In his update, Başaran highlighted Bitcoin’s impressive gain percentage for the year 2023. Bitcoin leads the list of top earners, having provided a substantial return of 307% to its investors this year.
Comparatively, Nasdaq secured the second spot on Başaran’s list with an increase of around 120%, which is nearly one-third of Bitcoin’s returns.
Başaran’s analysis also included gold, which saw an approximate increase of 80%, yielding about a quarter of what Bitcoin has for investors. The dollar’s appreciation against the Turkish Lira resulted in a 58% gain for those investing in the currency, while the Borsa Istanbul offered an average return of 44%.
Highlighting the inflation rate of 62% according to TÜİK for November, Başaran pointed out that the dollar’s gains remained below inflation last year and continued to do so this year. He also noted that Borsa Istanbul’s performance, while substantial last year, fell below the inflation rate this year.
In conclusion, Başaran’s assessment shows Bitcoin as the star of this year’s investments, despite numerous altcoins outperforming it. At the time of writing, Bitcoin’s price was at $43,626, exhibiting no significant change in the last 24 hours.
