2024

Horizen

Bitcoin

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 <p class="paragraph">Bitcoin (BTC) and NVIDIA Corp (NASDAQ: NVDA) have led the cryptocurrency and stock markets in 2024 with astonishing performances. However, investors may wonder which has made the better <a rel="noopener noreferrer nofollow" title="investment" href="https://thebittimes.com/tag/investment.html">investment</a> year-to-date (YTD).</p>
 <p class="paragraph">Interestingly, these two assets’ remarkable performances are not isolated. Cryptocurrencies, commodities, and stocks reached new highs in 2024, pointing toward a more optimistic economy.</p>
 <p class="paragraph">On that note, Finbold previously reported what Gold, BTC, and the S&amp;P 500 price action have in common.</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <p class="paragraph">In particular, most risk assets benefited from a more optimistic forecast of interest rate reduction this year – even when the most recent data raises questions about whether the Federal Reserve’s “anti-inflation” policies are working, with a CPI worse than expected in February’s year-over-year (YoY).</p>
 <h2 class="wp-block-heading" id="h-bitcoin-s-ytd-performance-as-an-investment-in-2024">Bitcoin’s YTD performance as an investment in 2024</h2>
 <p class="paragraph">First, Bitcoin has had a very special year so far, reaching new all-time highs (ATH) yet in the first quarter. Unprecedently, BTC broke the previous ATH before the mining block subsidy halved, which should occur by April 21.&nbsp;</p>
 <p class="paragraph">Looking at the chart, Bitcoin started 2024 trading at $42,180 on January 1 and is currently priced at $71,450. This reflects a year-to-date surge of 69.60% for a 71-day period. Notably, the Bitcoin daily Relative Strength Index (RSI) is overbought at 76.82.</p>
 <p class="paragraph">Meanwhile, BTC saw lows of $38,514 and highs of $72,967— a nearly 90% variation from minimum to maximum.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="661" src="https://cdn.thebittimes.com/images/2024/03/13/a8b6ca924a08282ed9cb87cdb3932f1c.webp" alt class="wp-image-160565" srcset="https://cdn.thebittimes.com/images/2024/03/13/a8b6ca924a08282ed9cb87cdb3932f1c.webp 1024w, https://cdn.thebittimes.com/images/2024/03/13/a8b6ca924a08282ed9cb87cdb3932f1c.webp 300w, https://cdn.thebittimes.com/images/2024/03/13/a8b6ca924a08282ed9cb87cdb3932f1c.webp 768w, https://cdn.thebittimes.com/images/2024/03/13/a8b6ca924a08282ed9cb87cdb3932f1c.webp 1536w, https://cdn.thebittimes.com/images/2024/03/13/a8b6ca924a08282ed9cb87cdb3932f1c.webp 1876w" sizes="(max-width: 1024px) 100vw, 1024px">
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   BTC/USD daily chart year-to-date (2024). Source: <em>TradingView</em> (Finbold)
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 <h2 class="wp-block-heading" id="nvidia-stocks-ytd-performance-as-an-investment-in-2024">NVIDIA stocks’ YTD performance as an investment in 2024</h2>
 <p class="paragraph">On the other hand, NVDA benefited from the growing demand for GPUs amid an artificial intelligence (AI) narrative surge. This industrial movement fueled Nvidia’s performance by an impressive 83.93% YTD increase in price.</p>
 <p class="paragraph">The technology company’s stock price went from $492.44 per share on January 2 to $903.71 at publication. In this context, the stock changed hands for as low as $473.20 and as high as $974 during the year.</p>
 <p class="paragraph">Yet, it is worth noting that the strength technical indicator, at 70.57 RSI, suggests a strong, healthy momentum.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="661" src="https://cdn.thebittimes.com/images/2024/03/13/89d94d74d8d38e3eb6b65225aabd4413.webp" alt class="wp-image-160566" srcset="https://cdn.thebittimes.com/images/2024/03/13/89d94d74d8d38e3eb6b65225aabd4413.webp 1024w, https://cdn.thebittimes.com/images/2024/03/13/89d94d74d8d38e3eb6b65225aabd4413.webp 300w, https://cdn.thebittimes.com/images/2024/03/13/89d94d74d8d38e3eb6b65225aabd4413.webp 768w, https://cdn.thebittimes.com/images/2024/03/13/89d94d74d8d38e3eb6b65225aabd4413.webp 1536w, https://cdn.thebittimes.com/images/2024/03/13/89d94d74d8d38e3eb6b65225aabd4413.webp 1875w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   NVDA daily chart on Nasdaq and its YTD performance (2024). Source: <em>TradingView</em> (Finbold)
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 <h2 class="wp-block-heading" id="conclusion-on-the-so-far-better-investment-in-2024">Conclusion on the, so far, better investment in 2024</h2>
 <p class="paragraph">In conclusion, Nvidia has, so far, proved itself a better <a rel="noopener noreferrer nofollow" title="investment" href="https://thebittimes.com/tag/investment.html">investment</a> than Bitcoin in 2024. Investors who purchased NVDA experienced less volatility between the highs and lows while seeing more gains year-to-date.</p>
 <p class="paragraph">Moreover, the RSI suggests that Nvidia currently has a healthier status than Bitcoin for further continuation.</p>
 <p class="paragraph">All things considered, investing in either NVDA or BTC carries risks, and both markets are unpredictable. Past performance does not guarantee future outcomes, and investors must understand the fundamentals of the assets before deploying meaningful capital.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered <a rel="noopener noreferrer nofollow" title="investment" href="https://thebittimes.com/tag/investment.html">investment</a> advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-or-nvidia-what-was-the-better-investment-in-2024-tbt82363.html">https://thebittimes.com/bitcoin-or-nvidia-what-was-the-better-investment-in-2024-tbt82363.html</a></p>

Bitcoin or Nvidia: What was the better investment in 2024?

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