2024 Was All About #Bitcoin as Digital #Gold โ 2025 Could Bring a New Narrative
We are making a BIG market call for the next 12 months !!!
๐1-11) Crypto markets are often momentum-driven, with traders gravitating toward top performers. Following Q1 2024, our attention has been on Bitcoinโs strong outperformance. We avoided Bitcoin miners and expressed concerns that a sharp drop in #Ethereum revenue could significantly decline Etherโs price. Meanwhile, we anticipated that altcoin unlocks might push venture capital investors to sell and raise cash. Retail inventors have remained absent.
๐2-11) Bitcoin has thrived mainly due to its "digital gold" narrative and its attractiveness as a diversification tool for multi-asset portfoliosโa concept vigorously championed by BlackRock to its clients. Gold has risen 27% this year, outperforming the S&P 500โs 23% gain. However, as we look toward 2025, a new theme may emergeโone we'll explore further below.
๐3-11) Full report: https://mail.10xresearch.co/p/2024-was-all-about-bitcoin-as-digital-gold-2025-could-bring-a-new-narrative