Bitcoin (BTC), the world’s largest cryptocurrency, is outperforming all other major asset classes worldwide with annual growth of 121% in 2024.
This is reflected in data compiled by independent wealth management firm Creative Planning. According to the data, Bitcoin recorded the highest total returns among all major asset classes in fiscal year 2024.
Bitcoin outperforms gold, S&P 500, NASDAQ 100 and others
The data showed that Bitcoin delivered a total return of 121%, significantly higher than all other asset classes, such as gold, the NASDAQ 100 and the S&P 500, and other financial instruments.
According to the data, gold recorded an annual return of 26.7%, the NASDAQ 100 recorded an increase of 25.6%, US large caps recorded an increase of 24.9%, mid caps increased 13.6% and convertible bonds increased 24.9% 10.1%. Bitcoin’s remarkable performance over the last year shows that Bitcoin is capable of outperforming traditional assets, making it the best-performing asset in 2024.
It is worth noting that Bitcoin’s return in 2024 is slightly below the 156% growth last year. Nonetheless, the world’s largest cryptocurrency continued to be the best-performing asset in 2024, outperforming all other major asset classes, including gold, the S&P 500 and the NASDAQ 100.
Several factors, such as the launch of several Bitcoin spot ETFs and the Bitcoin halving event, led to its incredible performance in 2024. Furthermore, the overall market sentiment in favor of Bitcoin amid economic uncertainty and geopolitical tensions also had a positive impact on BTC’s price out of.
Bitcoin performance from 2024 to date
Data shows…
