Bitcoin Still the Best Asset for Return in 2024
According to the latest report from the New York Digital Investment Group (NYDIG), despite a significant 30% drop in Q3, Bitcoin is still holding above $60,000. Compared to other assets, it has far outperformed precious metals and stocks in 2024, up 49.2% year-to-date. Silver has gained 30.6% and gold has gained 26.5%.
The report remains optimistic about Bitcoin’s prospects in Q4. The bullish outlook is based on several key factors:
◾Political support.
◾Strengthening correlation with stocks.
◾Growth of global M2 money supply.
Historical data shows that Bitcoin often averages gains of over 81% in Q4, with the price closing in the green in 7 of the last 11 years.
