Bitcoin

Investment Expert Predicts Slim Possibility of Nvidia Outperforming Bitcoin in Next Decade

According to experts at cryptochronicle.xyz, it is highly unlikely that Nvidia will outperform Bitcoin. Nvidia, known for its GPUs in gaming, AI, and data centers, has seen an impressive stock price surge of 21,731.7% over the past decade, reaching $947.80 from an adjusted prior closing price of $4.34. The company’s stock, $NVDA, has achieved returns exceeding 250,000%, with a $10,000 investment in 1999 now valued at $25.3 million. On May 24, 2024, prominent strategist Lyn Alden stated that Nvidia has been one of the strongest assets in terms of price growth compared to Bitcoin over the last 10 years.

Swan Bitcoin CEO Cory Klippsten echoed the sentiment, suggesting that the likelihood of Nvidia outperforming Bitcoin in the next decade is close to zero. Lyn Alden also backed this opinion, declaring her preference for Bitcoin over Nvidia in the coming years. The performance of Nvidia stock and Bitcoin saw similar speed increases from January 15 to May 15, with Nvidia slightly edging out Bitcoin with a 30.2% return compared to Bitcoin’s 31.7%.

Co-founder of 21st.capital, known as “Sina” on X, emphasized the superiority of Bitcoin’s network effects over AI, highlighting the potential for Bitcoin’s future growth. The current trading price of Bitcoin stands at $69,000, marking a 1.55% increase in the last 24 hours. For more information, visit: cryptochronicle.xyz.

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