Bitcoin: The Best Asset of 2024, But Its Edge Is Narrowing 📉

- NYDIG reports that Bitcoin remains the best asset of the year despite a weak third quarter.

- BTC is up just 2.5% in Q3, but still up 49.2% YTD.

- Key headwinds: $13.5 billion in Mt. Gox and Genesis distributions and large BTC sales by the US and German governments.

- Correlation with US stocks has risen to 0.46, but Bitcoin is still good for diversification.