With Apple Inc. (NASDAQ: AAPL) joining the party on Monday, January 3, the market surged to an all-time high on the first trading day of the year.
AAPL’s shares also soared to a new all-time high, becoming it the first business to reach the $3 trillion mark. On a yearly basis, the world’s largest firm outperformed the world’s largest cryptocurrency as a result of this decision.
While Apple’s stock has increased by 40 percent in the last year, Bitcoin has increased by 38 percent. Needless to say, Apple shareholders have been able to enjoy these gains with far less volatility and a better sense of security.
But it’s important to remember that Bitcoin has once again outperformed a number of other asset types. Furthermore, Apple is an outlier, as Bitcoin has outperformed several other tech behemoths in the recent year.
What Does the Future Hold for Bitcoin in 2022?
The fourth quarter of 2021 did not turn out to be as positive as many investors had hoped. That’s, with the price of bitcoin falling below $100,000. After achieving an all-time high of $69,000 in the previous month. Bitcoin remained volatile over the final quarter, trading sideways for the entire month of December 2021.
Some analysts predict that Bitcoin’s boom will last until the second half of 2022.
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