Bitcoin has long been the gold standard in the cryptocurrency market with its performance not only being impressive but also stable and the most notable measure of the general performance of the space. There have been a number of outlying smaller coins that have had parabolic moves, but Bitcoin is still considered one of the best.
In fact, Bitcoin has even started branching out into the traditional trading space as its performance has been noted as better than both Gold and the S&P 500. This has even led legendary hedge fund manager Paul Tudor Jones proclaiming he is investing in the con and expects it to be his best performer.
However, to find the actual best performer in the space, across both Bitcoin and traditional assets, it appears as if the top three Bitcoin forks have actually outweighed their original chain in regards to the price performance.
It seems a bit strange to call the Bitcoin forks a better investment than the original chain. They were all forked with the promise of improving on Bitcoin, but practically, there has not been much advancements made and the forks continue to face internal and external fights and other issues.
Using an equal-weighted index of the four cryptocurrencies, Bitcoin (BTC) Bitcoin Cash (BCH), Bitcoin SV (BSV), and Bitcoin Gold (BTG). The returns are almost 14 times greater than Bitcoin alone for the year to date, based on TradingView data. Since the beginning of 2019, this index outperformed bitcoin by 435 percentage points.
This weighting is, of course, considering four coins against one, and with most of the coins usually quite linked to Bitcoin, it makes sense that their performance together would be a powerful one.
Individually though, both Bitcoin SV and Bitcoin Gold have outperformed Bitcoin by 61 and 37 percentage points, respectively, since the start of 2020. Bitcoin Cash, the first major fork after the so-called civil war, outperformed Bitcoin until May. Then, for the year to date, the largest Bitcoin fork has underperformed Bitcoin by 11 percentage points, according to TradingView data.
Looking at the issues that have surrounded Bitcoin Cash, and Bitcoin SV particularly in recent times, it seems surprising that their performance has outweighed Bitcoin. The split to Bitcoin SV came with its own troubles, and even more recently the halving event for these forks had major ramifications.