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A meteoric rise in MicroStrategy's shares has made the bitcoin hoarder a likely candidate for the tech-heavy Nasdaq 100 index ahead of an annual reshuffle this week. The loss-making software company, an aggressive investor in the highly volatile cryptocurrency, has seen its shares soar nearly 500% this year, taking its market capitalization to $90 billion. It got a big boost after Donald Trump's U.S. election victory as investors expect the president-elect to make good on his promise of a crypto-friendly administration.

The crypto bulls were right. Bitcoin's market cap is now about the size of Alphabet's.

2024 is on track to be one of the best years in modern history for the stock market, and two of the most popular investments are a big reason why. Bitcoin (CRYPTO: BTC) and Nvidia (NASDAQ: NVDA) have soared this year, outperforming nearly every comparable large-cap investment. As you can see, Nvidia is ahead of Bitcoin, though both investments have more than doubled this year.

The price of Bitcoin (CRYPTO: BTC) is surging yet again. At the time, it had almost no following, with a single Bitcoin trading for just pennies. Today, nearly everyone has heard of the cryptocurrency.

Many other cryptocurrencies, like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), have benefited as well, with Dogecoin up about 150% since Election Day and Shiba Inu up roughly 50%. With the sector rolling, is Dogecoin the better buy at under $0.55, or is it Shiba Inu at less than $0.0004? The meme token, which has a Shiba Inu mascot, didn't take off for several years.

For much of the year, Bitcoin (CRYPTO: BTC) has been the talk of the crypto market. At one point, Bitcoin was up 45% in a stunning postelection rally, finally breaking through the highly anticipated $100,000 price. For the year, Bitcoin is now up a staggering 132%.

Bitwise predicts that in 2025, Bitcoin could hit $200,000, Coinbase will enter the S&P 500 and AI agents