Bitcoin

Block

In the last ten years, Bitcoin, the dominant cryptocurrency, has beaten tech giants such as Amazon, Google, and Netflix, despite the volatility in prices, boasting 12,464% growth, as reported by <a href="https://twitter.com/WuBlockchain/status/1786244259307528644" target="_blank" rel="noreferrer noopener">WuBlockchain</a>. 
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 <img loading="lazy" loading="lazy" decoding="async" width="680" height="465" src="https://www.cryptotimes.io/wp-content/uploads/2024/05/Bitcoin-Outperforms-Tech-Giant-Amazon-and-Google-in-Growth.jpg" alt="Bitcoin Outperforms Tech Giant Amazon and Google in Growth" class="wp-image-164900">
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 Source: WuBlockchain
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It is now <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noreferrer noopener">trading</a> at $61,766 per token, 17% below its peak. Nvidia’s stock exceeded Bitcoin’s growth with a 17,797% increase over the past decade, while other top tech investments include AMD, Tesla, and Amazon. 
AMD ranked third with a 3,335% price increase, while Tesla followed with a 1,200% increase, and Amazon completed the top five with a 1,063% gain. 
The recent Bitcoin halving, reducing block mining rewards, aims to maintain scarcity. While short-term price movements may vary, experts foresee long-term positive impacts. 
Peter M. Moricz of DCL.Link noted concerns over mining centralization and emphasized the inevitability of higher Bitcoin prices. He suggested a market correction followed by upward trends due to Bitcoin’s limited supply. 
Peter M. Moricz, from DCL.Link, said, “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.” 
With growing institutional interest, such as the anticipation of a Bitcoin ETF, Bitcoin’s long-term prospects remain positive, reinforcing its position as a valuable asset in the evolving financial landscape. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/05/03/block-to-invest-10-of-bitcoin-profits-into-btc-monthly/" target="_blank" rel="noreferrer noopener">Block to Invest 10% of Bitcoin Profits into BTC Monthly</a> 
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Bitcoin Outperforms Amazon and Google with 12,464% Growth

The Crypto Times

2024년 5월 4일에 게재된 다른 기사

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