Bitcoin, stocks, gold - the year 2024 brought high returns for various types of investments. Especially after Donald Trump's election victory, the party erupted on Wall Street. His promises of corporate tax cuts, deregulation and the creation of the DOGE Commission on Bureaucracy Reduction created an elated mood among investors, causing the S&P 500 to break the 6,000-point barrier for the first time. But even the most successful U.S. stocks and precious metals could not match Bitcoin this year.

Since the beginning of the month, Bitcoin has reached record after record, and not even the recent price correction has been able to dampen the optimistic mood within the BTC community. Within just one year, Bitcoin has achieved a price appreciation of more than 148 percent and is trading around $93,500 at the time of writing. By comparison, Ethereum only managed a 62 percent rise during the same period, while the Nasdaq-100, the S&P 500 and gold were slightly above 30 percent. Silver and the DAX lagged even further behind.

Bitcoin's dominance leaves no doubt

Ethereum's market dominance has now fallen to just 13 percent, while Bitcoin continues to benefit from new capital flows. Thanks in part to U.S. Bitcoin Spot ETFs, which have exceeded high prediction, BTC dominance is above 58 percent. In the past trading week, BTC index funds from BlackRock, Fidelity and others raised another $3.3 billion.

What BTC investors need to know, however: Because of its high volatility, Bitcoin may perform worse than traditional assets in the shorter term. For example, the Bitcoin price fell 12 percent in the second quarter of this year, while the S&P 500 rose more than 4 percent.

If the most optimistic Bitcoin bulls are proven right and the US under Trump announces a "strategic BTC reserve" next year, 2024 could be just a preview. Republican politician Cynthia Lummis has already introduced a bill in the Senate to allow a state purchase of one million Bitcoin.