Ethereum

Bitcoin

Coin

<ul class="news-points"> 
 <li>Nvidia and Tesla outpace Bitcoin and Ethereum in 5-year growth.</li> 
 <li>Ethereum’s growth aligns closer to Nvidia’s than Bitcoin’s.</li> 
 <li>Spot Ethereum ETF approval will mark a significant market shift.</li> 
</ul> 
Five years since the rise of the “<a href="https://www.cnn.com/cnn-underscored/money/magnificent-7-stocks" target="_blank" rel="nofollow">Magnificent Seven</a>” tech stocks, a comparison with major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) offers a fascinating glimpse into market dynamics. Consolidation has significantly benefited companies like Apple, Microsoft, Alphabet, Meta, Amazon, Nvidia, and Tesla. 
Bank of America analyst Michael Hartnett <a href="https://www.investopedia.com/magnificent-seven-stocks-8402262" target="_blank" rel="nofollow">coined the term</a> “Magnificent Seven” in April 2023. At that time, these stocks accounted for 88% of year-to-date shareholder returns. Despite Tesla’s recent decline, the Magnificent Seven continues to outperform the broader market. 
The Roundhill Magnificent Seven ETF (MAGS) has returned 35.8% year-to-date, compared to the S&amp;P 500’s (SPX) 15.1% return over the same period. This outsized performance means these stocks now represent nearly 30% of the S&amp;P 500, highlighting the concentrated nature of the U.S. tech stock market. 
In contrast, blockchain networks like Bitcoin and Ethereum offer a different growth story. Cryptocu…
The post <a href="https://coinedition.com/how-nvidia-outperformed-bitcoin-in-the-market/">Crypto vs. Stocks: Is Ethereum the Nvidia of the Digital Asset World?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Crypto vs. Stocks: Is Ethereum the Nvidia of the Digital Asset World?

Coin Edition

Other articles published on Jul 3, 2024

From Biden to Trump: predicting the next president and making money with decentralized markets

Federal Reserve Chair’s Crucial Message for Crypto Markets

Hidden Gem Cryptos: Potential Millionaire-Makers

Crypto and AI: DEX.Guru Chatbots Integration Set to Revolutionise User Research Process

Easy Airdrops: Get Free Crypto with Minimal Effort

MoonBag Meme Coin Becomes Top Meme Coin Presale: Ripple And Bitcoin Cash Strive Against Volatility

Join our free newsletter for daily crypto updates!