NVIDIA Stock Surpasses 1000 Milestone Experts I Will Choose Bitcoin for the Next 10 Years

Nvidia Stock Crosses $1,000! Experts: Bitcoin for the Next Decade
Bitcoin has been in existence for 15 years now, with its price skyrocketing from an initial trading price of $0.0008 to a peak of $74,000 this year, a nearly 92.5 million-fold increase. During this time, it has experienced volatile price surges and crashes, creating many legendary stories in the crypto world.
However, over the past decade, one of the few assets that has surpassed Bitcoin’s price growth is the stock price of the US tech giant, NVIDIA.
With the continuous rise in demand for graphics processing units (GPUs) and AI chips, NVIDIA, known as the “AI industry compass,” saw its stock price break the $1,000 mark last week. The Kobeissi Letter, a trading resource analysis platform, tweeted on May 24th that if $10,000 was invested in NVIDIA stock in 1999, it would now be worth around $25.3 million.
However, investment strategist Lyn Alden recently stated on social platform X that although NVIDIA has been one of the few assets that outperformed Bitcoin in the past 10 years, she would choose Bitcoin for the next decade.
This tweet quickly sparked discussions on social media platforms.
Cory Klippsten, CEO of investment platform Swan Bitcoin, also stated that the possibility of NVIDIA surpassing Bitcoin in the next 10 years is almost zero.
Can NVIDIA continue to outperform Bitcoin in the next decade?
On January 9, 2009 (Bitcoin’s birthday), NVIDIA’s stock price was $1.82. According to Statmuse data, from May 23, 2014, to May 23, 2024, over a span of 10 years, NVIDIA’s stock price has risen from $4.4 to $1,064, a return rate of 23,577%. Meanwhile, Bitcoin’s price has increased from $240 to $73,079 over the past decade, a return rate of 12,821%.
Since the approval of the Bitcoin spot ETF on January 10 this year, Bitcoin’s price has slightly outperformed NVIDIA’s in the past three months. Data shows that Bitcoin has a return rate of 31.7%, while NVIDIA has a return rate of 30.2%.
However, crypto veteran Daniel Sempere Pico commented on X that in 2014, the adoption rates of both Bitcoin and artificial intelligence were still low, so it is uncertain which investment carries greater risk, NVIDIA or Bitcoin. Nevertheless, “it is uncertain whether someone predicted the development of AI in 2014, but some did recognize the potential of Bitcoin at that time.”
Sina, co-founder of Bitcoin investment firm 21st.capital, believes that as more people start using financial assets, financial assets usually generate a broader network effect than artificial intelligence.
Sina emphasized that there is no network effect in the field of artificial intelligence, but there are multiple layers of network effects in currencies. In economics, when the utility obtained by consumers from using a product is related to “the number of other users of the same product or service,” it demonstrates network externality.
For example, the more people use Facebook as a daily social media platform, the higher the value users derive from using it. Currency also exhibits this network effect; the more people start using and holding a certain currency, the higher its value becomes.
However, Bitcoin and NVIDIA represent two different fields and trends, so it seems unfair to directly compare the two. No one can predict whether Bitcoin or NVIDIA will have a stronger growth performance in the AI field over the next decade, but both of their future performances seem promising.
References:
cointelegraph