On Monday (March 20), two days after Goldman Sachs research highlighted Bitcoin as the performing asset class so far in 2023, the Bitcoin price surged above the $28,500 level for the first time in 9 months.
According to data from TradingView, on crypto exchange Bitstamp, BTC-USD hit $28,535 at 9:04 a.m. UTC on March 20:
In the year-to-date period, BTC-USD is up 72.71%.
It is worth remembering that last Monday (March 13), former hedge fund manager Jim Cramer, who hosts the CNBC show “Mad Money w/ Jim Cramer,” called Bitcoin “a strange animal” and seemed totally unimpressed by Bitcoin’s post-SVB-collapse rally:
“I would sell my Bitcoin right into this rally.“
This led former Blockstream CSO Samson Mow to joke that Cramer’s latest comments suggest that the Bitcoin price is headed to a new all-time high:
Since Cramer made that remark, the Bitcoin price has increased by 18.14%.
Yesterday, Charlie Bilello, the Chief Market Strategist at wealth management firm Creative Planning, shared with his over 529K Twitter followers the following table that shows Bitcoin returns for each year since 2010: