Crypto News Today- Nvidia X Bitcoin: Nvidia unlikely to replicate its success against Bitcoin in the next decade

Nvidia X Bitcoin: Nvidia unlikely to surpass Bitcoin’s performance in the coming decade

Crypto News– Technology company Nvidia’s (NVDA) outperformance of Bitcoin (BTC) over the past ten years, where its value ticked up $69,076, is being regarded by crypto executives as an unlikely event to recur and therefore should not serve as an indicator for the next decade.

Swan Bitcoin CEO Cory Klippsten expressed a sentiment of skepticism, stating, “Near zero chance of Nvidia outperforming Bitcoin over the next 10 years, in a May 24 X post.

Investment strategist Lyn Alden echoed this sentiment, emphasizing her preference for Bitcoin over Nvidia for the next decade. She noted that NVDA “is one of the few assets that has outperformed Bitcoin over a 10-year time period. According to Statmuse data, between May 23, 2014, and May 23, 2024, Nvidia (NVDA) — renowned for producing chips used in training and deploying artificial intelligence (AI) models — generated a return of 21,558%, while Bitcoin yielded 13,048%.

Experts: Nvidia’s chances of besting Bitcoin this decade are next to none

In the last three months, since the approval of spot Bitcoin exchange-traded funds (ETFs) on Jan. 10, Bitcoin has marginally outperformed Nvidia, with returns of 31.7% and 30.2% respectively.

Additionally, trading resource The Kobeissi Letter highlighted in a May 24 X post that a $10,000 investment in Nvidia stock in 1999 is now worth $25.3 million today.

Raising questions about the perceived risk, Daniel Sempere Pico pondered whether Nvidia might have been considered even riskier as an investment back in 2014, when both Bitcoin and AI had less widespread adoption.

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