This asset has beaten others hands down in 2023 with a rise of 165%

A positive for Bitcoin over the next few months is the expectation that the BlackRock application to launch a Bitcoin spot ETF is likely to be approved soon

A rise of 165 per cent calendar year-to-date (CYTD) to around $44,000 levels has seen Bitcoin beat other asset classes like equities and gold hands down in 2023. Frontline equity indices across the globe such as the S&P BSE Sensex, Nifty50, S&P BSE Smallcap index, US’ NASDAQ, Japan’s Nikkei 225, France’s CAC 40 and Korea’s KOSPI have returned 12 per cent to 43 per cent during this period.

Precious metals – gold, silver and platinum – have returned a negative 14 per cent to 11 per cent during this period, shows data.

The sharp rally in crypto currencies, such as