Over the previous ten years, the technology giant Nvidia has outperformed Bitcoin; nevertheless, cryptocurrency executives believe there is little likelihood of a recurrence.
The technological business Nvidia (NVDA) outperformed Bitcoin BTC by $68,698.
According to crypto executives, the last 10 years shouldn’t be used as a predictor for the upcoming 10 years because it is unlikely to occur again.
In a May 24 X post, Cory Klippsten, CEO of Swan Bitcoin, stated that there is “near zero chance of Nvidia outperforming Bitcoin over the next 10 years.”
Investment guru Lyn Alden said on X that NVDA “is one of the few assets that has outperformed Bitcoin over 10 years,” and added, “I’d pick Bitcoin over Nvidia for the next ten years, personally.”
According to Statmuse data, Nvidia (NVDA), a company that makes processors used by firms to develop and deploy artificial intelligence (AI) models, has returned 21,558% between May 23, 2014, and May 23, 2024, while Bitcoin has returned 13,048%.
Since the approval of Bitcoin exchange-traded funds (ETFs) on January 10, which was three months ago, Bitcoin has outperformed Nvidia with returns of 31.7% and 30.2%, respectively.
In the meantime, a May 24 X post from trading resource The Kobeissi Letter noted that a $10,000 purchase in Nvidia stock in 1999 is “worth $25.3 million today.”
When AI and Bitcoin were less widely used in 2014, Daniel Sempere Pico wondered if Nvidia would have been viewed as an even “riskier” investment.
“It’s unclear if anyone could have foreseen the entire AI phenomenon in 2014, but some individuals were able to recognize the potential of Bitcoin early on,” said Pico.
“I wonder which one we would think is more risky and less obvious to achieve such incredible returns if we could go back to 2014,” he continued.
But as more people start using financial assets, as “Sina” on X pointed out, co-founder of 21st.capital, they tend to have a wider ripple impact than AI.
“In AI, network effects do not exist. Money has many layers of network effects, as stated in a post from May 24.
Although there are bullish forecasts regarding Bitcoin’s performance over the next 24 months, there are also bearish ones.
According to Giovanni Santostasi, a former physics professor, Bitcoin may peak at around $210,000 in January 2026 and drop as low as $60,000, according to an article published on Cointelegraph on March 4.