Bitcoin Owned 2024: It Crushed Every Other Investment Class, Climbed to Insane Heights, and Proved Once Again Why It’s King

Starting the year around $40,000, it more than doubled, hitting $108,000 in mid-December. How crazy is that?

Bitcoin had an incredible 2024, crushing every other major investment class and reaching new all-time highs. Starting the year around $40,000, BTC fiyatı more than doubled, hitting $108,000 in mid-December.

One of the biggest stories of the year was the launch of Bitcoin ETFs. These funds made it easier for investors to get in on the Bitcoin action, and they certainly took advantage. BlackRock's iShares Bitcoin Trust ETF (NYSE:IBIT) pulled in over $50 billion in 12 months, prompting Bloomberg to dub it the “greatest launch in ETF history.”

Bitcoin ETFs weren't the only ones making waves either. Ethereum ETFs hit the market in July, attracting an impressive $2 billion in just six months. Ether itself also had a strong year, gaining nearly 50% and trading at about $3,400 as of press time.

The U.S. presidential election also had a significant impact on Bitcoin's price action. Donald Trump's victory over Kamala Harris seemed to be the tipping point, as investors viewed Trump's administration as being more crypto-friendly.

However, Bitcoin's price performance wasn't entirely smooth sailing throughout the year. December saw a rough patch, with profit-taking hitting the market hard and expectations of very few Federal Reserve rate cuts in 2025 putting pressure on prices. As a result, Bitcoin turned red for the month.

Despite this setback, Bitcoin's yearly performance still outshined everything else. While Wall Street had a good year with the S&P 500 rising 23% in 2024 and the Dow and Nasdaq setting many new records, those gains were largely driven by AI, strong economic data, and hopes for deregulation. In comparison, Bitcoin dwarfed them all, proving once again why it's in a league of its own.

Another key development in 2024 was the Bitcoin halving in April, which saw block rewards for miners slashed. The impact of the halving was felt immediately, especially by mining stocks like Mara Holdings and Riot Platforms, which both faced double-digit losses for the year.

Miners faced tough conditions overall, with reduced rewards squeezing their profits. But not everyone in the crypto space felt the pinch. Companies that were closely tied to Bitcoin saw massive gains.

MicroStrategy, which is known for holding a ton of Bitcoin on its balance sheet, skyrocketed an incredible 388% this year. Coinbase also had a strong performance, rallying 47%, while Robinhood went up an eye-popping 200%.

In a surprising move, MicroStrategy also got added to the Nasdaq 100 index. The company's Bitcoin bet paid off big, although it's also ending the year with huge losses. Despite this, the company bought thousands of more Bitcoins just yesterday.