Bitcoin Dominates 2024, Outperforms Gold And Major Indices – Details
January 03 2025 - 8:00PM
NEWSBTC
If there’s one crypto asset that is expected to make it big this
2025, it has got to be Bitcoin. The premiere crypto has
demonstrated remarkable success as it ushers in 2025. Registering
solid numbers in the last few weeks, analysts have high hopes that
it can make further breakthroughs. In fact, based on latest
research, Bitcoin has surpassed conventional asset classes such as
gold, cementing the optimism behind the coin. The digital coin’s
success this year is unsurprising, attributable to several
advantageous market conditions, including Donald Trump’s victory in
the recent US elections. Related Reading: Bitcoin Remains Below
$100,000: Is the Bull Market Over or Just Taking a Breather?
According to a report from Creative Planning, and from a post on
Twitter/X by Charlie Bilello, Bitcoin’s performance dwarfed the
results of other asset classes, with gold offering returns of just
26%. The same data shows the Nasdaq 100 gained 25%, US large caps
24%, mid-caps 13%, and convertible bonds 10%. Although proving
showing decent numbers, Bitcoin is still a volatile asset with
dramatic price swings. With the exception of Long Duration
Treasuries, every major asset finished higher in 2024 with Bitcoin
leading the way for the second straight
year.https://t.co/l5IYmkf6Ih pic.twitter.com/TyStoT73rp — Charlie
Bilello (@charliebilello) January 1, 2025 Bitcoin Edges Gold And
Other US Indexes Although Bitcoin has received a few criticisms and
was the subject of regulatory actions, it remains a top-performing
asset class. Since 2011, BTC has led all other asset classes,
except for at least three years where it yielded negative returns
to holders. For example, in 2018, Bitcoin’s yield was at -73%. But
most of the time, Bitcoin was a consistent performer, and there
were even some instances when yields topped 1,000%. According to
the same chart, Bitcoin even offered yields of 1,437% in 2011, even
beating long-term treasuries with a “modest” 34%. There were
instances when Bitcoin’s yield disappointed its holders and
investors. If we check the asset’s yield this year, we’ll discover
that it’s lower than last year’s 156% return. Last year, Bitcoin
was also the top performer among major asset classes, also beating
gold. Bitcoin Shows Strength, But Volatility Remains While most of
the past 14 years have seen great performance of Bitcoin against
other asset classes, its volatility still raises questions. Owning
Bitcoin or other cryptocurrencies always has hazards related to
erratic price swings and even policy announcements. Related
Reading: Wealth Mentor Predicts XRP Path To $100 – Should You
Invest Now? Bitcoin’s price has more than doubled since starting
2024 within the $40k range. As of press time, Bitcoin trades
between $95k and $97k. Last December 5th, Bitcoin’s price hit the
$100k mark before dipping below $100k again after one day. Ether
also joined the surge and volatility, with its nearly 50% gain for
the year, and it’s currently trading in the $3,400 range. Featured
image from Newsbit, chart from TradingView
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