Bitcoin’s recent performance hasn’t just broken records, it’s silenced a lot of crypto skeptics. Not to mention capturing the attention of investors worldwide.
On November 13, 2024, Bitcoin’s price surged past $90,000 for the first time, reaching a peak of $93,445. This remarkable ascent represents a nearly 34% increase since Election Day. Right now, bitcoin’s total market cap is bigger than silver’s $1.71 trillion.
Stop and think about that for a moment – bitcoin, in 14 years, grew from an idea in Nakamoto’s whitepaper into a globally-traded asset now valued over silver – an industrial and monetary metal that’s been prized since at least 3,000 BCE.
That’s an astonishing accomplishment!
The re-election of President Donald Trump, known for his pro-crypto stance, has fueled investor optimism. Trump’s campaign promised to establish a federal Bitcoin reserve and appoint sympathetic regulators laid the groundwork for this moment.
Bitcoin is now the year’s top-performing major asset. By “major asset,” I mean it’s the 8th largest asset in the world. And it’s not just bitcoin. Year-to-date, ether is up 31%. Solana rose 93% – the list goes on, but you get the point.
I remember, not that long ago, getting all excited when the entire crypto market cap hit $2 trillion. Today, it’s just short of $3 trillion.
A LOT of heads turned…
VCs pivoting from AI back to crypto pic.twitter.com/fefc1a5f0T
— Jeremy Dicker 🌏 (@Dicker_JJ) November 12, 2024
MicroStrategy’s Michael Saylor, once a bitcoin skeptic, looks like an absolute genius for snapping up 38,250 BTC for a little over $11,000 each way back in 2020. Now the company owns over 252,000 BTC and Saylor started the #btc100k hashtag over on X.
At times like these, if you haven’t diversified your savings with crypto, you might be kicking yourself. Maybe you feel like you missed the boat.
Lucky for you, it looks like there’s another boat pulling up to the pier right now…
$100,000 bitcoin before 2025?
In options and betting markets, investors are putting major money on bitcoin reaching $100,000 by the end of the year. “Major money” in this case specifically refers to $850 million in options contracts. Personally I don’t mess with options contracts, but here’s what you need to know about these kinds of puts: If they don’t pay off, they’re worthless.
That’s right, there’s $850 million riding on an all-or-nothing bet that bitcoin breaks $100k before we ring in the new year.
The bullish bets aren’t limited to bitcoin alone (they’re just the easiest to tell you about). The cryptocurrency market as a whole is experiencing a renaissance, with other digital assets like Ethereum and Solana also seeing massive gains. This trend suggests a broader acceptance and integration of cryptocurrencies into mainstream financial systems – along with a huge sigh of relief, because the end of all the regulatory uncertainty is finally in sight.
It sure looks like there’s even more upside.
You didn’t miss the boat – if you buy your ticket now
For investors, this presents a unique opportunity. The rapid appreciation of Bitcoin and other cryptocurrencies offers a compelling case for diversification. By incorporating digital assets into your retirement portfolio, you can potentially enhance returns and hedge against traditional market volatility.
At BitIRA, we specialize in helping everyday Americans diversify their retirement savings with cryptocurrency. Our digital IRA services provide a secure and fully-insured platform to invest in a range of digital assets, including bitcoin (and nearly two dozen other major cryptocurrencies).
With the cryptocurrency market exploding, now is a great time to explore how digital assets can complement your retirement strategy. Buy your ticket now – because you can never be sure if this is the last boat…
Don’t miss out on the potential gains that the cryptocurrency market offers. You can get started right now in less than 10 minutes – or you can get individualized guidance when you reach out to a Digital Currency Specialist at (800) 299-1567.
Make sure your financial future is poised to benefit from the future of money!
