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- 2024 Was All About Bitcoin as Digital Gold – 2025 Could Bring a New Narrative
2024 Was All About Bitcoin as Digital Gold – 2025 Could Bring a New Narrative
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Disclaimer: This ad is paid for and disseminated on behalf of ESGold Corp (it is sponsored content). We do not own any securities of ESGold Corp. This ad contains forward-looking statements, which are not historical facts. These statements are based on the current beliefs and expectations of ESGold Corp’s management and involve known and unknown risks, uncertainties, and other factors that could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Words such as “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential,” and similar expressions often identify forward-looking statements. This is not financial advice, please do your own DD. See SEDAR+ for more information.
2024 Was All About Bitcoin as Digital Gold – 2025 Could Bring a New Narrative
👇1-11) Crypto markets are often momentum-driven, with traders gravitating toward top performers. Following Q1 2024, our attention has been on Bitcoin’s strong outperformance. We avoided Bitcoin miners and expressed concerns that a sharp drop in Ethereum revenue could significantly decline Ether’s price. Meanwhile, we anticipated that altcoin unlocks might push venture capital investors to sell and raise cash. Retail inventors have remained absent.
👇2-11) Bitcoin has thrived mainly due to its "digital gold" narrative and its attractiveness as a diversification tool for multi-asset portfolios—a concept vigorously championed by BlackRock to its clients. Gold has risen 27% this year, outperforming the S&P 500’s 23% gain. However, as we look toward 2025, a new theme may emerge—one we'll explore further below.
👇3-11) Bitcoin broke through its downtrend resistance line last night, confirming a bullish breakout. As we highlighted last week, aggressive long positions are delivering significant gains. CleanSpark, for example, surged 25% in just one week, while Bitcoin climbed an impressive 8%. Some altcoins, like Ethena, have nearly doubled since the September FOMC meeting. Technical indicators suggest there’s still room for further strong returns. This could broaden the Bitcoin rally, with some lagging assets benefiting from the momentum.
Year-to-date returns of major assets in 2024
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