Bitcoin (BTC) Dominates: Outperforming 97% of S&P 500 Companies in 2023

Amidst a digital asset industry that has remained steady during uncertainty in the banking sector, Bitcoin (BTC) dominates, outperforming 97% of all S&P 500 companies in 2023. Bitcoin has managed to demonstrate spectacular performance and has already outperformed almost every company in the S&P 500 to date.

Indeed, since March 10, the price of Bitcoin has increased by 37.06% and over 72% since the year’s turn, while the flagship cryptocurrency registered better year-to-date performance than most major corporations. That means Bitcoin is beating the gains of Apple (19.3%), Amazon (17.8%), and FedEx (27.2%). Only 12 S&P 500 companies are beating Bitcoin’s 37% gain in the defined period.

According to the Bloomberg Intelligence senior commodity strategist, BTC’s recent performance compared to gold proves his claim, pointing to Bitcoin's growing resilience and adoption. The prominent digital currency has shown significant strength, further solidifying its position as a leading asset.

Commodity strategist Mike McGlone believes that a Bitcoin (BTC) Supercycle is on the horizon amid the leading crypto’s 2025 price upswing. According to the Bloomberg Intelligence senior commodity strategist, BTC’s recent outperformance is just the beginning.