The Breakdown 2 of the 4 Best Performing Assets of 2024 Were BTC Related
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Jan 4, 2025 In this discussion, Bitcoin skyrockets with an impressive 120% growth in 2024, outperforming traditional assets. The competitive tension between digital asset funds and classic hedge funds is electrifying, especially with MicroStrategy ramping up Bitcoin investments. There's a sense of optimism as stablecoin reserves swell, signaling a positive shift in Bitcoin trading. However, new IRS tax rules may throw a wrench into crypto transactions, raising questions about the future regulatory landscape. It's a captivating look at the ever-evolving world of digital assets.
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Bitcoin's 2024 Performance
- Bitcoin outperformed major stocks and traditional hedge funds in 2024, ranking fourth overall.
- Two of the top four performing assets were Bitcoin-related, including MicroStrategy.
Crypto Funds vs. Bitcoin
- Top-performing hedge funds in 2024 were crypto-focused, outpacing traditional funds.
- Crypto funds, however, generally underperformed Bitcoin itself in the same period.
MicroStrategy's Bitcoin Strategy
- MicroStrategy filed to increase share capacity, suggesting further Bitcoin purchases.
- Economist Alex Kruger suggests a 4% cap on MicroStrategy's Bitcoin holdings to avoid negative market impact.