Crypto executives assert that Nvidia has a "near zero chance" of outperforming Bitcoin over the next decade. Notable figures like Swan Bitcoin CEO Cory Klippsten and investment strategist Lyn Alden express their confidence in Bitcoin's long-term prospects.
Crypto Executives Predict Nvidia's Decade-Long Outperformance Won't Continue, Favoring Bitcoin Instead
According to crypto executives (via Cointelegraph), technology company Nvidia's (NVDA) outperformance of Bitcoin over the last ten years should not be considered a forecast for the coming decade.
"Near zero chance of Nvidia outperforming Bitcoin over the next 10 years," argued Swan Bitcoin CEO Cory Klippsten in a May 24 X post.
"I'd pick Bitcoin over Nvidia for the next ten years, personally," investment strategist Lyn Alden stated, after pointing out on X that NVDA "is one of the few assets that has outperformed Bitcoin over a 10-year time period."
According to Statmuse data, from May 23, 2014, and May 23, 2024, Nvidia (NVDA), which makes processors used by firms to build and deploy artificial intelligence (AI) models, returned 21,558%, while Bitcoin returned 13,048%.
Over the last three months, following the approval of spot Bitcoin exchange-traded funds (ETFs) on January 10, Bitcoin has returned slightly more than Nvidia, with returns of 31.7% and 30.2%, respectively.
Experts Debate Nvidia's Historic Gains and Future Potential Compared to Bitcoin and AI Adoption
Meanwhile, trading resource The Kobeissi Letter noted in a May 24 X post that a $10,000 investment in Nvidia stock in 1999 is "worth $25.3 million today."
Daniel Sempere Pico questioned whether Nvidia would have been regarded as an even "riskier" investment in 2014 when Bitcoin and AI were less widely adopted.
"Don't know if the whole AI thing could have been predicted by anyone back in 2014, but there were some people who could already see Bitcoin's potential," Pico explained.
"If we were to go back to 2014, I wonder which one we'd think is more risky and less obvious to achieve such incredible returns," he added.
However, co-founder of 21st.capital, known as "Sina" on X, argues that as more individuals use financial assets, they will have a more considerable domino effect than artificial intelligence.
"There are no network effects in AI. There are multiple layers of network effects in money," a May 24 post argued.
While Bitcoin's performance over the next 24 months is projected to be positive, there are also cautions about a significant correction.
On March 4, Cointelegraph stated that retired physics professor Giovanni Santostasi, using his "Power Law" model, predicts that Bitcoin would peak at $210,000 in January 2026 and then plummet as low as $60,000.
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