Bitcoin reached a new all-time high of $93,500, gaining nearly 50% in Q4. Despite breaking records in US dollar terms, it has yet to match its performance against major macro assets, including the S&P 500, Nasdaq 100, NYSE FANG+, and gold, says Caleb Franzen, creator of Cubic Analytics.
Franzen highlighted that Bitcoin’s peak performance against US stocks occurred in early 2021, even before its previous all-time high of $69,000. Although Bitcoin has consistently surpassed its USD records, it remains short of reclaiming dominance across the broader macro asset spectrum.
“This is just a matter of when, not if,” Franzen predicted in a post on X on Nov. 15. He believes Bitcoin is poised for outperformance as it builds momentum.
While Bitcoin’s breakout in dollar terms is significant, achieving new highs across these macro benchmarks would mark a broader transformation, signaling Bitcoin’s potential as a truly dominant global asset.
Source: Cointelegraph
