Will Bitcoin Rise and Outshine Nvidia’s AI Boom? Experts Weigh In
- Nvidia stock soars, but doubtful of outpace Bitcoin for the next decade.
- Crypto experts predict Bitcoin’s resurgence due to rising institutional interest.
- Spot Bitcoin ETF approvals have set the stage for a Bitcoin bull run.
Cryptocurrency experts contend that despite NVIDIA stocks’ outperforming the Bitcoin the past decade, the feat is highly unlikely to repeat itself over the next decade. Swan CEO Cory Klippsten highlighted this in a recent X post, responding to data shared by Lyn Alden, founder of Lyn Alden Investment Strategy.
near zero chance of Nvidia outperforming Bitcoin over the next 10 years
— Cory Klippsten#Bitcoin is moral tender (@coryklippsten) May 24, 2024
Alden’s post illustrated that while Bitcoin’s market capitalization grew by 19,920% over the past decade, NVIDIA’s stock gained an impressive 24,840%, exceeding Bitcoin’s performance by roughly 5,000%.
TradingView’s data revealed that NVIDIA’s stock traded for less than $4 in 2014 and experienced gradual growth until 2020 before a breakout to the upside. This breakout coincided with a boom in the AI sector, leading to numerous innovations and the development of AI-related solutio…
The post Will Bitcoin Rise and Outshine Nvidia’s AI Boom? Experts Weigh In appeared first on Coin Edition.
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Will Bitcoin Rise and Outshine Nvidia’s AI Boom? Experts Weigh In
- Nvidia stock soars, but doubtful of outpace Bitcoin for the next decade.
- Crypto experts predict Bitcoin’s resurgence due to rising institutional interest.
- Spot Bitcoin ETF approvals have set the stage for a Bitcoin bull run.
Cryptocurrency experts contend that despite NVIDIA stocks’ outperforming the Bitcoin the past decade, the feat is highly unlikely to repeat itself over the next decade. Swan CEO Cory Klippsten highlighted this in a recent X post, responding to data shared by Lyn Alden, founder of Lyn Alden Investment Strategy.
near zero chance of Nvidia outperforming Bitcoin over the next 10 years
— Cory Klippsten
Alden’s post illustrated that while Bitcoin’s market capitalization grew by 19,920% over the past decade, NVIDIA’s stock gained an impressive 24,840%, exceeding Bitcoin’s performance by roughly 5,000%.
TradingView’s data revealed that NVIDIA’s stock traded for less than $4 in 2014 and experienced gradual growth until 2020 before a breakout to the upside. This breakout coincided with a boom in the AI sector, leading to numerous innovations and the development of AI-related solutio…
The post Will Bitcoin Rise and Outshine Nvidia’s AI Boom? Experts Weigh In appeared first on Coin Edition.
Read More