In 2024, Bitcoin saw a 120% surge, outperforming assets like gold and stocks.
This growth is attributed to several factors:
Spot ETF approvals: The U.S. Securities and Exchange Commission approved spot ETFs tied to the price of Bitcoin, increasing its legitimacy and attracting institutional investors.
Political developments: Optimism about a favorable regulatory environment under President Donald Trump, who has expressed support for cryptocurrencies, further boosted Bitcoin's appeal.
Institutional adoption: Major financial institutions, such as BlackRock and Fidelity, launched Bitcoin-related products, signaling increased market acceptance.
All indications are that 2025 will be more of the same, understanding that after great advances, similar setbacks can occur.