The Breakdown
2 of the 4 Best Performing Assets of 2024 Were BTC Related
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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Quick takeaways
- Bitcoin's remarkable 120% increase in 2024 positions it as one of the best-performing assets, outpacing most traditional stocks in performance.
- MicroStrategy's aggressive strategy to accumulate Bitcoin through significant equity capital raises highlights growing confidence in the cryptocurrency's long-term value despite potential market challenges.
Deep dives
Bitcoin's Strong Performance in 2024
Bitcoin had a remarkable year in 2024, closing at $93,500, which marked a significant 120% increase and placed it among the best-performing assets globally. Notably, Bitcoin's performance outshone most traditional stocks, with only a few companies like NVIDIA, Palantir, and MicroStrategy surpassing it. Additionally, major funds such as the Exponential Age Digital Asset Fund and the VanEck Digital Assets Alpha Fund achieved impressive returns, but Bitcoin still outperformed many direct investments in crypto. This indicates a new competitive landscape where traditional hedge funds will have to contend with the robust returns provided by crypto-native funds.
