Bitwise Asset Management European head Bradley Duke talked with Proactive's Stephen Gunnion about Bitcoin’s performance in 2024 and how it compares to other asset classes.
Duke emphasised that Bitcoin has delivered nearly 50% returns year-to-date, far outpacing traditional investments like gold (27.7%) and equities. He also discussed how recent Fed interest rate cuts could drive liquidity, further supporting Bitcoin's rise amidst concerns of a potential recession.
Duke explored geopolitical risks as well, mentioning how Bitcoin and gold are increasingly viewed as safe-haven assets during times of global tension, such as the Middle East conflict. “Bitcoin has become a safe haven asset along with gold,” said Duke, explaining how its performance tends to improve during periods of uncertainty.