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

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

CoineditionCoinedition2024/05/25 10:19
By:Ikemefula Aruogu
  • 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 solutions.

Notably, after the 2020-’21 rally, NVIDIA’s stock price slumped in the 2022 bear market, only to rebound in Q4 of the same year. Since then, the chipmaker’s stock has surged by an impressive 905.58%. Its most notable performance occurred this month, following the release of sales and earnings figures that surpassed expectations.

Despite NVIDIA’s impressive run, analysts believe Bitcoin will surpass it in the coming years, with the flagship cryptocurrency entering a new phase that could witness an influx of institutional investors. The January approval of a spot Bitcoin ETF by the SEC bolstered Bitcoin’s prospects for mainstream adoption and opened a new frontier for Bitcoin.

As anticipated, Bitcoin responded to this development by surging to a new all-time high. However, many users believe Bitcoin’s rally is only beginning and expect the fund’s influx to continue in the coming years. Analysts predict that Bitcoin’s price could reach $200,000 within the next two years, with the potential to climb even higher over the long term.

The contrasting trajectories of NVIDIA and Bitcoin highlight the intricate landscape of investment. While NVIDIA’s recent success is undeniable, Bitcoin’s potential to outpace it in the coming years, fueled by growing institutional interest and favorable regulatory shifts, underscores the allure of this evolving asset class. As both technologies continue to reshape their respective domains, investors are awaiting the next big-ticket for the next decade.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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