Bitcoin has become the most profitable investment asset in 2024

In second place in the ranking is gold, whose price multiplied by 1.5 during the year amid geopolitical crises. Due to the Bank of Russia’s high interest rate, deposits also entered the top three most profitable assets, with a return of around 20%, according to the study.

The price of Bitcoin increased by 1.5 times immediately after Donald Trump’s victory in the US presidential election in November, and then reached an all-time high of $108 thousand, Finam FG analyst Alexander Potavin said in a conversation. with Izvestia. He suggested that the cryptocurrency will continue to grow.

The growth of the crypto market depends on whether Trump fulfills his promise to create a “strategic reserve” of bitcoins in the country, added Fedor Naumov, head of analysis at the fintech company PFL Advisors, highlighting that in a favorable scenario, the cryptocurrency could reach peaks. between 180,000 and 200,000 dollars.

The president-elect of the United States advocates the development of the crypto industry. To achieve this, the politician, in particular, plans to appoint Paul Atkins as head of the United States Securities and Exchange Commission (SEC), who will likely support softer regulation of the market, wrote The New York Times.

In June, Trump announced his desire for all bitcoins to be mined in the United States. In December, Bloomberg reported that the president-elect’s wish could not come true due to the active growth of mining in Russia, the United Arab Emirates and African countries due to economic sanctions imposed by the United States and rising inflation in the country.