I heard many complain that Bitcoin has lost momentum and is stuck. But here’s an interesting perspective from Bloomberg Intelligence analyst, Eric Balchunas.

He posted a comparison of major assets over the past few years, and it’s clear that Bitcoin is still far ahead. Gold, silver, even the Nasdaq technology index — all of them are lagging behind. Eric Balchunas explains why many feel that growth has slowed: the market has long priced in the arrival of institutional investors and the influence of ETFs. Therefore, current movements seem less dramatic than before.

Yes, recently there has been volatility, and short-term fluctuations can be irritating. But looking at the overall picture, Bitcoin’s long-term dynamics are impressive. Eric Balchunas is right about one thing: don’t focus on daily or monthly fluctuations.

The key takeaway? The long-term reality differs from what is seen in short-term memory. Bitcoin remains a volatile asset, but its multi-year history shows that it still leads by a large margin. This is worth remembering when you hear yet again that all is lost.