Fiat, gold, silver behind
According to a chart provided by Bitcoin data analyst SG Kinsmann, Bitcoin price outpaced other currencies and safe haven assets such as gold and silver with significantly wide margins, with the Mexican Peso and Silver, the third and fourth best performing currencies and assets year to date barely achieving a 12 percent change against the US dollar.
Altcoins, Ethereum fairy tale
Thus far, 2017 has been a successful year for both Bitcoin investors and alternative cryptocurrency (altcoin) traders, with leading altcoins or crypto assets such as Ethereum achieving a $5 bln market cap in early April.
In January, the market cap of Ethereum fell short of $1 bln. Within four months, Ether price, the native token of Ethereum, increased by over five times.
The growth of Ethereum can be attributed to the formation of the Enterprise Ethereum Alliance and its growing development community participated by large-scale corporations, organizations and businesses.