As Bitcoin (BTC) continues its relentless ascent, one voice in the trading sphere, Josh Olszewicz, known by the moniker CarpoNoctom, has made a bold proclamation: in comparison to Bitcoin's performance, everything else appears to be mere "junk." In a recent video analysis, Olszewicz dissected Bitcoin's supremacy, showcasing its outperformance against major altcoins and traditional assets.

According to data from CoinDesk Indices, the world's premier digital asset is currently trading above $70,000, significantly outshining the CoinDesk 20 (CD20) Index, a barometer of the most liquid digital assets, by a remarkable margin of over 10% since the year's inception.

Delving deeper into its staggering performance, Bitcoin has surged by nearly 100% over the past six months, surpassing stalwarts like chip giant Nvidia (NVDA) with an approximately 88% increase, Ethereum (ETH) with an 89% surge, and even the S&P 500 (INX) index, which has seen a relatively modest 18% rise.

Olszewicz didn't mince words in his assessment, questioning the rationale behind investing or trading in assets that fail to outpace Bitcoin's exponential growth. "If you’re investing and trading and not outperforming BTC, why bother?" he remarked emphatically. "Almost everything looks like junk against bitcoin."

Further underlining Bitcoin's commanding position, its Relative Strength Index (RSI) has surged to levels reminiscent of the peak of the 2021 bull market, currently standing at 79.02. The RSI, conceptualized by J. Welles Wilder, serves as a pivotal momentum indicator, gauging the velocity and magnitude of price fluctuations.

An RSI surpassing the 70 mark typically signifies overbought conditions, suggesting that an asset's price may have escalated too swiftly and could soon witness a correction. Nonetheless, it's imperative to note that while the RSI offers valuable insights, it's not an infallible predictor of market movements.

Reflecting on Bitcoin's journey, it's worth noting that the token commenced the year with an RSI of 45, illustrating a stark contrast to its current towering position. During the crypto winter of 2022, Bitcoin's RSI plunged to 38, underscoring the resilience and volatility inherent in the cryptocurrency market.