Bitcoin (BTC) Outperforms Every Other Major Asset Class Globally, Registers 121% Annual Growth in 2024

Bitcoin (BTC), the world's largest cryptocurrency, outperforms every other major asset class globally, with an annual growth of 121% in 2024.

Bitcoin (BTC) outperformed every other major asset class globally in 2024, registering an annual growth of 121%, according to data compiled by Creative Planning.

The world’s largest cryptocurrency saw a total return of 121%, significantly higher than that of any other asset class, including Gold, the NASDAQ 100, and the S&P 500, among other financial instruments.

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 makes it the best-performing asset in 2024.

It is worth noting 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.

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’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, Bitcoin hovered around $67,500. It spiked tremendously following Donald Trump’s victory, soaring to an all-time high (ATH) of $108,268 on December 17, marking a post-election gain of 60.39%.

However, Bitcoin slumped heavily shortly after, plunging below $92,000 after reaching the $108K ATH. At the moment, Bitcoin has regained momentum, as it looks set to reclaim the $100,000 target. Currently, Bitcoin is trading at $96,743, reflecting a price increase of 3.63% in the past 24 hours and 1.83% in one week.