Bitcoin (BTC) $101,762.8will be better known next year with its nominal status and last year’s performance. The cryptocurrency could surpass other assets to become the top commodity benchmark in 2025, according to Bloomberg’s Mike McGlone. Bloomberg Intelligence Senior Commodity Strategist highlighted the positive performance of gold as well as Bitcoin’s prospects.
BTC Leads Bloomberg’s Commodity Performance List
Mike McGlone confirmed that Bitcoin has outperformed commodities on the MSCI Emerging Markets Net Total list. In the chart shared by McGlone, BTC has increased by 138.6% since the beginning of the year, while gold has gained 25.7%.
The S&P 500 Total Return Index ranked second with 25.3% growth since the beginning of the year. MSCI Emerging Markets Net Total, MSCI World ex USA Net Total Re, and Broad Dollar Index underperformed by 12.2%, 9.8%, and 5.0%, respectively.
While all assets gained, the US Treasury 20+ Y and Generic 1st ‘CL’ Future fell 4.3% and 3.3% respectively. These significant performance differences led Mike McGlone to note that 2024 is looking pretty good for risk assets.
Bitcoin could be the best commodity indicator in 2025. #Bitcoin is at the top of our macroeconomic annual performance chart, while US Treasury #bills are at the bottom, which may indicate the best case we can get for risk assets. #gold outperformed the AI-supported S&P 500…
Bitcoin Confessions and Strategic Reserves
Bitcoin has recorded several All-Time High (ATH) milestones this year. Earlier this week, BTC price surpassed $108,000 for the first time, but later returned the gains.
Another important development was corporate companies’ adoption of Bitcoin as a strategic reserve asset. Companies such as MicroStrategy, Metaplanet, and Semler Scientific have adopted Bitcoin as a strategic reserve.
Mining giant MARA Holdings purchased 15,574 BTC for $1.53 billion and its total reserves are approaching $50 thousand.
Despite this, their government’s move to develop BTC strategic reserves stands out as the most important issue to watch next year. This transformation is accelerating in countries such as the USA, Japan and the EU. If countries like the United States reach this reserve status, experts say this could be a solution to the major national debt crisis.
These developments show that the adoption of Bitcoin as a strategic reserve may be important for economic balance. Experts suggest Bitcoin could help with the national debt crisis.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
