Bitcoin outperformed Amazon, Netflix over last decade

Bitcoin, the largest token of cryptocurrency, has outperformed the stocks of technology giants such as Amazon, Google and Netflix over the last 10 years.

Despite only being launched 15 years ago, Bitcoin (BTC) has successfully competed with the biggest names in the technology industry.

At the end of 2014, the cost of one BTC was approximately $378. Digital assets have experienced a massive pullback recently, with BTC changing hands 16% below its all-time high of $61,500 set in March, according to CoinMarketCap.

BTC price chart | Source: CoinMarketCap Bitcoin ranked second among technology investments

TradingView data showed that GPU maker Nvidia was the only tech heavyweight to outperform BTC in the last 10 years. Nvidia’s stock NVDA has returned 17,797% cumulatively versus Bitcoin’s 12,464%.

Semiconductor manufacturer Advanced Micro Devices (AMD) ranked third with a price increase of 3,335%. The 1,200 percent increase in the share price of Elon Musk’s Tesla (TSLA) placed the company in fourth place, while Jeff Bezos’ Amazon was in the top five with a 1,063 percent gain. Other Silicon Valley players observed included Netflix (NFLX), Apple (APPL), Meta (META), and Google (GOOG).

BTC gains against Silicon Valley stocks’ growth | Source: TradingView, WuBlockchain What’s next for BTC?

Last month, the hard-coded on-chain exchange designed by BTC creator Satoshi Nakamoto went live, reducing block mining rewards by 50% and straining miner revenues. Bitcoin halving reduces token inflation, preserving scarcity and introducing a new supply dynamic to the market.

Historically, a halving is followed by a market recession, with prices remaining stable for a period of time before rising. Speculators have speculated during this cycle that the trend could change in the short term, but an expert told crypto.news that the long-term impact outweighs the sudden price movement.

DCL.Link Partnerships Lead Peter M. Moricz said BTC miners should take a more energy-efficient approach and engage in hedging operations to cover expenses. The miner, Stronghold Digital Mining, is considering survival options, including selling its business for maximum shareholder value.

Moricz argued that the main concern was the centralization of mining rather than revenue. Moricz explained that as more organizations merge businesses and potential mergers occur, the risk of government influence increases and “that is the main concern of the BTC ecosystem going forward.”

Regarding price action, the doyen of financial markets stated that higher BTC prices are inevitable, despite skepticism from some Wall Street stalwarts.

“The BTC ETF pulled all the price action forward instead of halving it. Even then the historical pattern showed that every price move was lower than it was 4 years ago. BTC has rallied over the last 7 months since the BlackRock BTC ETF application rumor surfaced, and with IBIT withdrawing a record amount of money for any ETF, the force is out for now.

A correction along with some sideways trading will provide a healthy market for the next step. BTC shortage is real; “No matter what Jamie Dimon says, there are only 21 million BTC out there.”

Peter M. Moricz, DCL.Link Partnerships Leader