The majority of investment experts believe that there is nearly 0% chance for Nvidia to outperform Bitcoin (BTC).
NVIDIA is a leading tech company specializing in GPUs for gaming, AI, and data centers. NVIDIA’s stock price increased by 21,731.7% over the past ten years, rising from an adjusted prior closing price of $4.34 to a current closing price of $947.80.
Nvidia stock, $NVDA, has officially joined the exclusive club of 250,000%+ in all time returns.
$10,000 invested in Nvidia in 1999 is worth $25.3 million today. pic.twitter.com/GnyfClzkts
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— The Kobeissi Letter (@KobeissiLetter) May 24, 2024
On 24 May 2024, A well-known investment strategist Lyn Alden said Nvidia is one of the best assets that outperformed Bitcoin in terms of price increment metric over the last 10 years.
Swan Bitcoin CEO Cory Klippsten said that there are no changes for Nvidia to outperform Bitcoin for the next 10 years.
In a follow-up tweet, Lyn Alden supported Cory’s opinion and confirmed that she is going to pick Bitcoin over Nvidia for the next 10 years.
It is worth it to note that Bitcoin & Nvidia stock surged with almost equal speed between 15 Jan to 15 May, with returns of 31.7% and 30.2% respectively. Notably, Nvidia performed slightly more than Bitcoin.
The co-founder of 21st.capital who goes by the name “Sina” on X, explained that Bitcoin’s future is better than Nvidia’s because Artificial intelligence (AI) has no network effect but the Bitcoin blockchain network has.
Bitcoin price action
The current trade price of Bitcoin is $69,000 & this trade price is 1.55% higher over the last 24 hours.
Read also: BitMex co-founder says weakening yen could see Bitcoin’s price top the $1 million mark
Investment strategist says Near 0% chance of Nvidia outperforming Bitcoin for next 10 years
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https://bitcoinik.com/investment-strategist-says-near-0-chance-of-nvidia-outperforming-bitcoin-for-next-10-years/feed/
