Bitcoin’s prominence as a key financial asset is expected to grow, with Bloomberg strategist Mike McGlone suggesting it could emerge as a top commodity benchmark by 2025.
In 2024, Bitcoin has already outperformed major assets, gaining 138.6% year-to-date, compared to gold’s 25.7% rise and the S&P 500’s 25.3%.
Other assets, including U.S. Treasury bonds and crude oil, saw declines, underscoring Bitcoin’s standout performance in a volatile market.
Bitcoin May Be a Top Commodity Indicator in 2025. #Bitcoin on the top of our macroeconomic annual performance dashboard and US Treasury #bonds on the bottom may suggest it’s about as good as it gets for risk assets. That #gold has outperformed the AI-driven S&P 500, despite… pic.twitter.com/8ngXGxsfum
— Mike McGlone (@mikemcglone11) December 19, 2024
This year has been marked by Bitcoin reaching new heights, briefly surpassing $108,000 before retreating. Corporate adoption has played a major role in its ascent, with companies like MicroStrategy and Metaplanet adding Bitcoin to their reserves.
Mining giant MARA Holdings also made headlines with a $1.53 billion purchase of 15,574 BTC, further bolstering confidence in the asset.
Looking ahead, Bitcoin’s role as a reserve currency may expand as governments explore its potential to address economic challenges. With interest growing across the U.S., Japan, and the EU, 2025 could solidify Bitcoin’s place as a pivotal asset in the global financial system.
After weeks of leading the charge, Bitcoin’s dominance is showing cracks—creating space for altcoins to reemerge with strength.
Market watchers may need to brace for potential headwinds in the crypto space, according to trader and analyst Jason Pizzino.
Bitcoin miners appear to be reloading their reserves after a lengthy period of offloading their holdings.
Bitcoin’s biggest buyers in 2025 aren’t retail traders or even ETF giants—they’re businesses.