The post Bitcoin Ranks as Best-Performing Asset in 2024, Outperforms Gold, NASDAQ 100, and S&P 500 appeared on BitcoinEthereumNews.com.

Bitcoin (BTC), the world’s largest cryptocurrency, outperforms every other major asset class globally, with an annual growth of 121% in 2024.  This was reflected in data compiled by independent wealth management firm Creative Planning. According to the data, Bitcoin registered the highest total returns among every major asset class in the 2024 fiscal year.  Bitcoin Outperforms Gold, S&P 500, NASDAQ 100, and Others The data showed that Bitcoin saw a total return of 121%, significantly higher than that of every other asset class, such as Gold, the NASDAQ 100, and the S&P 500, among other financial instruments.  According to the data, Gold saw an annual return of 26.7%, the NASDAQ 100 posted a 25.6% gain, U.S. Large Caps achieved a surge of 24.9%, Mid Caps at 13.6%, and Convertible bonds at 10.1%. Bitcoin’s remarkable performance last year demonstrates its ability to outperform traditional assets, thus making it the best-performing asset in 2024.  Bitcoin outperforms traditional assets It is worth mentioning that Bitcoin’s 2024 return is slightly lower than the 156% growth registered the previous year. Nonetheless, the world’s largest cryptocurrency still emerged as the best-performing asset in 2024, outperforming every other major asset class, including Gold, the S&P 500, and the NASDAQ 100.   Multiple factors, such as the launch of multiple Bitcoin spot ETFs and the Bitcoin Halving event, drove its incredible performance in 2024. Additionally, general market sentiment favoring Bitcoin amid economic uncertainty and geopolitical tension also positively impacted BTC’s price.  Bitcoin Performance from 2024 to Date Data shows that Bitcoin’s 2024 opening price was around $42,280, with the premier cryptocurrency subsequently closing at $93,429 on December 31, 2024. This represents an annual growth of 120.97%.  Notably, Bitcoin registered its biggest rally toward the end of last year, specifically after the U.S. election. For context, on Election Day, November 5,…

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Filed under: News - @ January 2, 2025 6:22 pm