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.
With Bitcoin hovering near $119,000, traders are weighing their next move carefully. The question dominating the market now is simple: Buy the dip or wait for a cleaner setup?
Bitcoin has officially reached the $116,000 milestone, a level previously forecasted by crypto services firm Matrixport using its proprietary seasonal modeling.
Bitcoin’s market signal has officially shifted back into a low-risk phase, according to a new chart shared by Bitcoin Vector in collaboration with Glassnode and Swissblock.
Financial author Robert Kiyosaki is once again sounding the alarm on America’s economic health.