Bitcoin & Gold - The Top Performing Major Assets in 2024

2024 has been a remarkable year of growth for the crypto industry.

Looking back at Bitcoin’s early days, when it was worth just a few cents, it’s hard to believe how far it has come. This year alone, Bitcoin marked key milestones, including the 2024 halving and the launch of the first-ever spot Bitcoin ETF, events that have effectively reduced supply and driven up demand.

But Bitcoin isn’t the only asset enjoying a stellar year. Gold, too, has been making moves, proving its staying power as a store of value.

Let’s take a closer look at the impressive performance of both Bitcoin and Gold.

Bitcoin & Gold Prices Year-To-Date (YTD)

Bitcoin

At the start of 2024, Bitcoin was priced at ~$44,168.00. Fast forward to today (September 26, 2024), and Bitcoin has soared to ~$64,711.00, delivering an impressive ~46.00% return.

Gold

Gold also had a strong showing in 2024. Starting the year at $2,076.00, it has climbed to ~2,672.00, a solid ~28.00% return.

Other Major Asset Classes

While Bitcoin and Gold have led the way in 2024, other major asset classes have also shown growth, though they have not outperformed Bitcoin and Gold so far this year.

Here are the performance numbers for some of the key asset classes in 2024:

US Large Caps (SPY): ~19.00%
US Mid Caps (MDY): ~10.00%
US Small Caps (IWM): ~8.00%
US Nasdaq 100 (QQQ): ~16.00%
US Growth (IWF): ~21.00%
US Value (IWD): ~13.00%
High Yield Bonds (HYG): ~7.20%

Bitcoin & Gold Moving Forward

2024 has undoubtedly been a standout year for both Bitcoin and Gold, with these two assets outperforming nearly all other major asset classes. As Bitcoin continues to shape the future of digital assets and Gold solidifies its place as a safe-haven investment, it's clear to say that these two are leading the charge in today’s market. However, it's important to note that past performance of any asset is not an indication of future results.

If you're interested in buying and selling Bitcoin and Gold, you can do so in a tax-advantaged IRA at iTrustCapital*. Click below to discover the top 5 reasons why people choose iTrustCapital for their crypto and precious metal investments.

Top 5 reasons to open a Crypto IRA at iTrustCapital

Click here to open an account today!

*Some taxes may apply.

Categories:

*Some taxes may apply.

DISCLAIMER

This article is for information purposes only. It does not constitute investment advice in any way. It does not constitute an offer to sell or a solicitation of an offer to buy or sell any cryptocurrency or security or to participate in any investment strategy.

iTrustCapital is a cryptocurrency IRA software platform. It is not an exchange, funding portal, custodian, trust company, licensed broker, dealer, broker-dealer, investment advisor, investment manager, or adviser in the United States or elsewhere. iTrustCapital is not associated with and has no direct relationship with Bitcoin. iTrustCapital is not affiliated with and does not endorse any particular cryptocurrency, precious metal, or investment strategy.

Cryptocurrencies are a speculative investment with risk of loss. Precious metals are a speculative investment with risk of loss. Cryptocurrency is not legal tender backed by the United States government, nor is it subject to Federal Deposit Insurance Corporation (“FDIC”) insurance or protections. Clients do not receive a choice of custody partner. The self-directed purchase and sale of cryptocurrency through a cryptocurrency IRA have not been endorsed by the IRS or any regulatory agency. Historical performance is no guarantee of future results.

Some taxes and conditions may apply depending on the type of IRA account. Investors assume the risk of all purchase and sale decisions. iTrustCapital makes no guarantee or representation regarding investors’ ability to profit from any transaction or the tax implications of any transaction. iTrustCapital does not provide legal, investment or tax advice. Consult a qualified legal, investment, or tax professional.

iTrustCapital makes no representation or warranty as to the accuracy or completeness of this information and shall not have any liability for any representations (expressed or implied) or omissions from the information contained herein. iTrustCapital disclaims any and all liability to any party for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising directly or indirectly from any use of this information, which is provided as is, without warranties.