A Transformational Year for Digital Assets
This year has been nothing short of revolutionary for the digital assets market. We’ve witnessed more groundbreaking developments in the last twelve months than in all previous years combined, highlighting the accelerating momentum of this transformative asset class.
Bursera Capital Outperforms the Market
Bursera Capital's performance this year is a testament to the strength of our active management strategy. While traditional Bitcoin holdings and ETFs like Grayscale have struggled to keep pace, our tailored approach has delivered a remarkable +20% outperformance above Bitcoin, underscoring the value of a strategic, hands-on investment model.
Since July 2019, Bursera Capital has outperformed Bitcoin by 100.24%, with our return on investment (ROI) since inception sitting at 1763.07%, compared to Bitcoin's 830.4% as of November 30th, 2024(1). This performance reinforces our commitment to delivering superior results for our investors.
Bitcoin Breaks Records and Solidifies Its Global Position
Bitcoin has recently breached the $100,000 milestone, pushing its market capitalization beyond $2 trillion and positioning it as the 7th largest asset globally. These accomplishments reflect not only increasing institutional adoption but also the widespread recognition of digital assets as a key financial instrument for the future.
On a global scale, Bitcoin is gaining unprecedented traction. China has begun easing crypto regulations, and Russia is considering Bitcoin's potential as a reserve asset. These developments represent a collective embrace of digital currencies across borders, further validating their role in the evolving financial landscape.
Regulatory Shifts Signal a New Era
The regulatory landscape is also undergoing significant change. With Gary Gensler, the crypto-skeptical SEC chairman, set to be replaced by Paul Atkins(2)—an advocate for digital assets—the new administration appears ready to reshape the regulatory approach to cryptocurrencies. Moreover, former President Trump is exploring potential reductions or even eliminations of capital gains taxes on U.S.-operated digital assets. Such changes could substantially reduce tax burdens, which currently account for a significant portion of our liabilities.
As always, we remain committed to delivering outsized returns by staying ahead of these dynamic shifts. We appreciate your continued trust in Bursera Capital as we navigate and capitalize on this transformative journey together.
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(1) This chart is correct as of November 2024. Data from July 2019 to 2021 originates from Fund I, which was open during this period and remains unaudited. In 2021, the fund was transitioned to the Cayman Islands, where performance tracking continued under the current structure. Data for Average Fund based on Barclay Crypo Trader Index.
(2) "Trump nominates cryptocurrency advocate Paul Atkins as SEC chair," https://apnews.com/article/sec-chair-atkins-gensler-investors-financial-markets-d1c544f1846071b33c75b9f2dd0c1ba4