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Will Bitcoin Rise and Outshine Nvidia’s AI Boom? Experts Weigh In


May, 25, 2024
< 1 min read
by CoinEdition
  • 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.

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 the article at CoinEdition

Read More

Renewed Bullishness Expected After Bitcoin, Ether's $10B Options Expiry on Friday

Renewed Bullishness Expected After Bitcoin, Ether's $10B Options Expiry on Friday

Over 25% of options are set to expire "in the money," Deribit's Luuk Strijers told Co...
Jun, 26, 2024
by CoinDesk
Analysis of Long-Term ‘Diamond Hand’ Bitcoin Holders Reveals Market Insights: Glassnode 

Analysis of Long-Term ‘Diamond Hand’ Bitcoin Holders Reveals Market Insights: Glassnode 

Recent data from Glassnode provides a detailed analysis of bitcoin’s long-term holder...
Jun, 25, 2024
by Bitcoin News
MainNewsWill Bitcoin...

Will Bitcoin Rise and Outshine Nvidia’s AI Boom? Experts Weigh In


May, 25, 2024
< 1 min read
by CoinEdition
  • 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.

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 the article at CoinEdition

Read More

Renewed Bullishness Expected After Bitcoin, Ether's $10B Options Expiry on Friday

Renewed Bullishness Expected After Bitcoin, Ether's $10B Options Expiry on Friday

Over 25% of options are set to expire "in the money," Deribit's Luuk Strijers told Co...
Jun, 26, 2024
by CoinDesk
Analysis of Long-Term ‘Diamond Hand’ Bitcoin Holders Reveals Market Insights: Glassnode 

Analysis of Long-Term ‘Diamond Hand’ Bitcoin Holders Reveals Market Insights: Glassnode 

Recent data from Glassnode provides a detailed analysis of bitcoin’s long-term holder...
Jun, 25, 2024
by Bitcoin News