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.
Metaplanet is aggressively expanding its Bitcoin holdings through an unconventional $5.4 billion capital raise, positioning itself as a leading BTC proxy in Asia.
BlueBird Mining Ventures, a London-listed firm traditionally focused on gold, is making headlines after announcing it will liquidate its gold reserves and begin accumulating Bitcoin as a treasury asset.
Bitcoin tumbled sharply today, shedding more than 3.5% in a matter of hours and briefly flirting with the critical $100,000 level.
Bitcoin is treading water near $105,000, but pressure is building on both sides of the trade as macro forces tighten.