Satoshi Nakamoto

Bitcoin

Apple

Bitcoin, crypto’s top token, outperformed equities from tech giants like Amazon, Google, and Netflix over the previous 10 years. 
Despite only debuting 15 years ago, Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="">BTC</a>) has successfully competed with the biggest names in the technology industry.&nbsp; 
At the close of 2014, a BTC cost about $378. Recently, digital assets have been largely in a downturn, and BTC changed hands 16% below its all-time high set in March, at $61,500 per token price at press time, per CoinMarketCap. 
<figure class="wp-block-image size-large">
 <picture loading="lazy" decoding="async" class="wp-image-14270208"> 
 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/05/Screenshot-440-1024x438.png.webp"> 
 <img loading="lazy" decoding="async" width="1024" height="438" src="https://crypto.news/app/uploads/2024/05/Screenshot-440-1024x438.png" alt="Bitcoin"> 
 </picture> 
 <figcaption class="wp-element-caption">
 BTC price chart | Source: <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="">CoinMarketCap</a>
 </figcaption>
</figure> 
<h2 class="wp-block-heading" id="bitcoin-ranked-second-among-tech-investments">Bitcoin ranked second among tech investments</h2> 
TradingView data showed that GPU maker Nvidia was the only tech heavyweight to outclass BTC over the past 10 years. Nvidia’s stock NVDA has returned a cumulative 17,797%, against Bitcoin’s 12,464%. 
Semiconductor producer Advanced Micro Devices (AMD) followed in third with a 3,335% price increase. A 1,200% increase in the stock price of Elon Musk’s Tesla (TSLA) placed the company fourth, and Jeff Bezos’ Amazon completed the top five with a 1,063% gain. Other Silicon Valley players observed included Netflix (NFLX), Apple (APPL), Meta (META), and Google (GOOG).&nbsp; 
<figure class="wp-block-image size-large">
 <picture loading="lazy" decoding="async" class="wp-image-14270206"> 
 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/05/GMoDrwCaEAA0BN8-1024x700.jpg.webp"> 
 <img loading="lazy" decoding="async" width="1024" height="700" src="https://crypto.news/app/uploads/2024/05/GMoDrwCaEAA0BN8-1024x700.jpg" alt="Bitcoin outperformed Amazon, Netflix over last decade - 30"> 
 </picture> 
 <figcaption class="wp-element-caption">
 BTC gains against Silicon Valley equities growth | Source: TradingView, WuBlockchain
 </figcaption>
</figure> 
 You might also like: <a href="https://crypto.news/bitcoins-halving-unlikely-to-affect-price-in-next-18-months-kaiko-says/" rel=""> Bitcoin’s halving unlikely to affect price in next 18 months, Kaiko says </a> 
<h2 class="wp-block-heading" id="what-s-next-for-btc">What’s next for BTC?&nbsp;</h2> 
Last month, a hardcoded on-chain shift designed by BTC creator Satoshi Nakamoto went live, slashing block mining rewards by 50% and straining miner revenues. The Bitcoin <a href="https://crypto.news/?s=halving" rel="">halving</a> maintains scarcity by curtailing token inflation, introducing a fresh supply dynamic to the market. 
Historically, a market lull follows the halving and prices stagnate for some time before rising higher.&nbsp;Speculators surmised that the trend might change in the short-term during this cycle, but an expert told crypto.news that the long-term impact outweighs immediate price movement.&nbsp; 
DCL.Link Partnerships Lead Peter M. Moricz said BTC miners must adopt a more energy-efficient approach and hedge operations to cover expenses. One miner, Stronghold Digital Mining, is <a href="https://crypto.news/bitcoin-miner-stronghold-explores-sale-after-halving/" target="_blank" rel="">assessing</a> its options to stay afloat, including selling its business to maximum shareholder value. 
Moricz argued that a major concern is mining centralization, rather than revenue.&nbsp;As more entities consolidate businesses and possible mergers occur, the risk of government influence increases, and “this is the main concern for the BTC ecosystem going forward,” Moricz explained.&nbsp; 
Regarding price action, the financial markets veteran remarked that higher BTC prices are inevitable despite <a href="https://crypto.news/jamie-dimon-says-he-would-shut-down-crypto-if-given-the-option/" rel="">skepticism</a> from some Wall Street stalwarts.&nbsp; 
<blockquote class="wp-block-quote"> 
 “The BTC ETF has pulled all the price movement forward rather than after the halving. Even then, the historical pattern showed that each price action was lower than 4 years prior. BTC rallied for the past 7 months, ever since the BlackRock BTC ETF application was rumored, and with IBIT pulling in a record amount of money for any ETF, the steam had run out for now. 
 A correction, with some sideway trading, will give a healthy market for the next leg up. BTC scarcity is real – there are only 21 million BTC out there no matter what Jamie Dimon says.” <cite>Peter M. Moricz, DCL.Link Partnerships Lead</cite>
</blockquote> 
 Read more: <a href="https://crypto.news/jamie-dimon-on-bitcoin-dont-get-involved/" rel=""> Jamie Dimon on Bitcoin: Don’t get involved </a>

Bitcoin outperformed Amazon, Netflix over last decade

Table of Contents

crypto.news

Other articles published on May 3, 2024

Bitcoin's 'Clock Is Ticking': Why Edward Snowden Issues 'Final Warning'

Eigen Foundation Ups Token Handout Post-Backlash

Altcoins Trades To Take On The Incoming Altcoin Bounce! Don’t Miss out!

DOGE Price Prediction for May 3

Altcoins Rally: These Projects Accelerate Growth Including Coin Name and Symbol

Cardano Foundation Partners with Dubai Blockchain Center to Boost Blockchain Education

Join our free newsletter for daily crypto updates!