Bitcoin surpasses Amazon and Netflix in performance over the past decade
Bitcoin, the leading cryptocurrency, has outperformed tech giants like Amazon, Google, and Netflix over the past decade, despite only being introduced 15 years ago.
At the end of 2014, the price of Bitcoin was around $378. While digital assets have experienced a recent downturn, Bitcoin is still trading at $61,500 per token, which is 16% below its all-time high in March.
When comparing tech investments, Bitcoin ranked second, with GPU maker Nvidia being the only one to outperform it over the past 10 years. Nvidia’s stock has returned a cumulative 17,797%, while Bitcoin’s return is 12,464%. Advanced Micro Devices (AMD), a semiconductor producer, came in third with a 3,335% price increase. Tesla, led by Elon Musk, saw a 1,200% increase in its stock price, placing it fourth on the list. Amazon, led by Jeff Bezos, rounded out the top five with a 1,063% gain. Other notable tech companies included Netflix, Apple, Meta, and Google.
Bitcoin’s recent halving, where block mining rewards were reduced by 50%, has historically led to a period of stagnation in the market before prices start to rise again. While some speculators believed this cycle might be different in the short-term, experts suggest that the long-term impact will outweigh any immediate price movements.
Peter M. Moricz, the Partnerships Lead at DCL.Link, emphasized the importance of Bitcoin miners adopting more energy-efficient practices and hedging their operations to cover expenses. He also expressed concern about mining centralization and the potential influence of governments in the Bitcoin ecosystem.
Despite skepticism from some Wall Street veterans, Moricz believes that higher Bitcoin prices are inevitable in the future.
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