In recent years, Bitcoin has grown to become one of the most popular investment options. how bitcoin has performed compared to top stocks. The asset’s popularity among investors can be attributed to the returns it has generated over its decade of existence. It is one of the few assets that has consistently served as an inflation hedge while also providing massive gains to its holders. As a result of these gains, more investors have desired a larger piece of the pie.
However, until 2009, bitcoin was not an investment option for anyone. Even back then, it was largely unknown to the general public. At the time, stocks were at the forefront of investors’ minds, and investors had seen gains at various points.
Some top stocks have also been extremely profitable during this time period. How bitcoin has performed compared to top stocks. Tesla stocks are an example of this, with their success propelling ARK Invest CEO Cathie Wood into the spotlight after her call on the stock paid off. Let’s take a look at how bitcoin has fared in comparison to the best-performing stocks on Wall Street.
Bitcoin Vs. Everyone Else
Many of the financial assets traded are much older than bitcoin. The Bitcoin market, which is still in its infancy, is still in its early stages. Nonetheless, the asset’s growth has not slowed, and it is now a top contender in financial markets. When the top stocks and markets are compared to BTC, there is a clear disparity in how much better the digital asset has performed compared to the others.
According to this report from Watcher Guru, Bitcoin has returned over 3,000,000 percent positive returns on investment over the last decade. When it was first released in 2009, a single BTC cost as little as $0.0008. The asset has grown tremendously over the years, reaching an all-time high of nearly $67,000 in October.
Top-performing stocks, on the other hand, have unimpressive returns. Even though Tesla has been one of the best-performing stocks over the last decade, its gains pale in comparison to BTC’s. In the last ten years, Tesla has returned 22,520 percent, Nvidia has returned 8,435 percent, and gold has returned a disappointing negative 14 percent.
Catching Up On Market Cap
Another interesting comparison metric is the market capitalization of the top assets in the financial industry. BTC is not at the top of this list as it is in terms of returns. The age difference between all of the assets on this list, on the other hand, paints an interesting future for both the past and the future of the assets in this category.
Despite being only 12 years old, Bitcoin has outperformed well-known and long-running asset classes in terms of market capitalization. For starters, BTC’s market cap is nearly equal to Tesla’s. It also outperforms the market capitalizations of Facebook and Nvidia, both of which are older than the digital asset on the market. With a market capitalization of $1.15 trillion, it is a major player in the financial markets.
Ethereum, the second-largest cryptocurrency by market cap, is an intriguing addition to this list. Ethereum, which is only five years old, has a market capitalization of $533 billion. This value makes it more valuable than major corporations such as JPMorgan Chase, Visa, and Alibaba.
Source: Newsbtc
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