May 9, 2024
Bitcoin outshines other tech giants
Bitcoin News

Bitcoin Outshines Amazon and Netflix in Tech Over Last Decade

Despite its relatively short history, Bitcoin (BTC) has swiftly emerged as a formidable competitor within the tech industry, challenging even the biggest names in the sector.

Since its inception just 15 years ago, Bitcoin has made significant strides, captivating investors and enthusiasts alike with its disruptive potential and meteoric rise in value.

Bitcoin price chart. Source: CoinMarketCap

BTC’s Performance in Comparison to Tech Giants

At the close of 2014, Bitcoin was valued at approximately $378, marking the beginning of its ascent.

Despite recent market trends showing a downturn in digital assets, Bitcoin has held its ground. It currently trades at $61,500 per token, 16% lower than its March peak, as per CoinMarketCap data.

TradingView data revealed that over the past decade, Bitcoin ranked second among tech investments, surpassed only by GPU manufacturer Nvidia. Nvidia’s stock (NVDA) has yielded an impressive cumulative return of 17,797%, outstripping Bitcoin’s 12,464% increase.

Tech Giants and Their Performance

Following Nvidia, semiconductor producer Advanced Micro Devices (AMD) secured the third spot with a remarkable 3,335% price surge.

Elon Musk’s Tesla (TSLA) claimed the fourth position with a 1,200% increase in its stock price, closely followed by Jeff Bezos’ Amazon, which gained 1,063%.

Notable Silicon Valley players such as Netflix (NFLX), Apple (AAPL), Meta (META), and Google (GOOG) also featured in the rankings, underscoring the dynamic landscape of the tech industry.

BTC outperforms Meta, Netflix and several other tech giants. Source: TradingView, WuBlockchain

Bitcoin’s resilience and impressive performance underscore its growing influence and potential to reshape the future of finance and technology on a global scale.

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