Bitcoin Records Impressive 72.4% QoQ Gains, Emerges as Top-Performing Asset in Q1 2023

Over the past few months, Bitcoin (BTC) has experienced a surge in value that has left all other major asset classes trailing. Per a BitcoinCasinos.com report, the premier cryptocurrency had an impressive 72.4% quarter-over quarter gain in Q1 2023.

- Edith Muthoni

Comparatively, the NASDAQ index jumped 15.7%, while gold had an 8.4% increase. Buoyed by positive inflation data, the US Dollar Index (DXY) remained fairly unchanged. And while all major asset classes ended the quarter with positive returns, crude oil decreased by 6.1%.

According to BitcoinCasinos financial expert Edith Reads, Bitcoin’s Q1 performance is a testament to its resilience and growth potential amidst a volatile and uncertain global market. Since its inception, BTC has been battling several hurdles, including regulatory crackdowns, hacking incidents, and market fluctuations.

Edith explains, “Bitcoin’s impressive gains clearly indicate its resilience despite the volatile market conditions. With the increasing institutional adoption and global recognition, the asset class is proving to be a reliable store of value for investors and traders alike.”