- Morgan Stanley E*TRADE analysts found that Bitcoin’s 10-year return outperforms that of gold and indices. Nasdaq-100 and S&P 500.
- In the future, they predict a more restrained increase in BTC.
According to report Morgan Stanley E*TRADE, over the past decade Bitcoin outperformed major traditional assets and delivered an average annual return over 10 years of 85,5%. This figure is ahead of the Nasdaq-100 Index (19,4%), the S&P 500 Index (13,3%), and gold (13,2%).
Data: Bloomberg
Data presented by CoinDCX co-founder Sumit Gupta, show, how Bitcoin’s early surge differentiates it from traditional markets. According to Gupta, the next 10 years may not replicate the results of the last decade, as Bitcoin entered a more mature phase.
E*TRADE’s report describes Bitcoin’s long-term performance as exceptional, but also seems unlikely to repeat it at the same rate.
A Morgan Stanley report notes that annual cryptocurrency volatility reaches approximately 55%. This level is approximately four times higher than that of the S&P 500 index.
This comparison makes it clear that US stocks and gold have shown steady growth over the same 10-year period, while Bitcoin grew from a smaller base. Its ascent was supported by limited supply, adoption, retail demand, and growing institutional interest.
Future growth may depend on larger financial channels than retail investors. Pension funds, investment platforms, sovereign wealth funds, and institutional investments will all influence the market.
Morgan Stanley is already taking steps in this direction – in April, Morgan Stanley Investment Management запустил Morgan Stanley Bitcoin Trust. This is the first cryptocurrency exchange-traded product from a management company affiliated with an American bank.
Morgan Stanley recently запустил The E*TRADE cryptocurrency trading platform is in test mode. Launched in partnership with Zerohash, the platform supports transactions with Bitcoin, Ethereum, and Solana.
Currently BTC back Above the $80,000 mark, which now serves as resistance. This area also coincides with the 38,20% Fibonacci level. Trading volume is $37,16 billion, indicating profit-taking near the resistance level.
Tradingview data
Momentum indicators pointed to short-term equilibrium. The Relative Strength Index (RSI) at 49,03 indicates neither overbought nor oversold conditions.
A breakout above the RSI neutral level of 50 is needed to confirm stronger upward momentum. The next key resistance zone is in the $94–$98 region.
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