The analytics firm Delphi Digital refers to Bitcoin as the "king of assets".

Due to Bitcoin's outstanding performance in recent months, analysis firm Delphi Digital has dubbed Bitcoin the king of assets.

According to Cointelegraph, digital asset analysis firm Delphi Digital has highlighted Bitcoin's strong performance over the past four months, especially in comparison to the ongoing selling pressure faced by traditional risk assets. The firm stated that given the widespread weakness in many other asset classes, "outperformance in May was particularly important."

Delphi Digital noted that while Bitcoin continues to outperform traditional assets including gold and oil, investors have been forced to move away from higher-risk "safe-haven assets" amid economic growth concerns in 2019.

An analyst from the firm stated:

Contrary to Bitcoin's recent history, despite expectations for increased market volatility, Bitcoin is essentially unaffected by the selling pressure on traditional risk assets. It is still too early to declare victory, but so far, BTC's lack of correlation has proven correct.

Additionally, as reported by Cointelegraph, cryptocurrency investment firm Dadiani Syndicate recently contacted a wealthy client with plans to acquire up to 25% of the total Bitcoin supply. EToro analyst Mati Greenspan commented on this development:

A buyer of this magnitude would drive up the price of Bitcoin, but in reality, there are currently less than five million Bitcoins in circulation.

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