MicroStrategy, despite a 50% drop since November, still leads the pack with a 342% gain in 2024 among high-profile crypto-linked assets in traditional finance. The company’s stock peaked at a 600% gain earlier in the year. Nvidia, a tech giant, saw a 185% return, while Meta Platforms returned 71%. Bitcoin itself rose 100% over the year, driven by the approval of spot ETFs in January. Ether and Solana increased by 42% and 79% respectively. The iShares Bitcoin Trust ETF (IBIT) also returned over 100% and became the fastest ETF to reach $50 billion in assets. Bitcoin mining companies, however, underperformed with the Valkyrie Bitcoin Miners ETF (WGMI) rising just under 30%. Individual miners like Bitdeer and WULF saw gains of 151% and 131% respectively. The broader market saw the Nasdaq 100 Index up 28% and the S&P 500 up 25%, while gold increased by 27%. U.S. treasury yields rose significantly, with the 10-Year Treasury yield increasing by 15% to 4.5%. The dollar strengthened, and oil prices remained relatively stable, ending the year up less than 1%.
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