An Assessment of Selected Bitcoin-Related Securities from 2020 Through 2024 One of the most successful trading themes in 2024 was trading bitcoin-related securities. This post assesses success for selected bitcoin-related tickers relative to one widely traded non-bitcoin security as well as an index of bitcoin value. An earlier post examines outstanding performances by other securities during 2024. The bitcoin-related financial tickers tracked in this post include MSTR, GBTC, and MARA. These tickers are assess relative to two benchmark tickers -- namely, SPY and BTCUSD. MSTR is the ticker for a firm that began as a business intelligence and analytics firm. Starting in 2020, the firm began transforming itself into a bitcoin treasury so that it now has one of the world’s largest bitcoin holdings (around 440 thousand and growing at a relatively rapid pace). GBTC originated as a bitcoin trust, but it converted to a bitcoin ETF in January 2024. GBTC ...