Bitcoin Hits An All-Time High, But Nvidia Has Outperformed It Dramatically Over The Last Five Years

Nearing the $100,000 milestone, Nvidia (NASDAQ:NVDA) has outperformed Bitcoin significantly over the past five years.

Bitcoin has been on a roll lately, hitting a new all-time high of $93,434.36 on Friday, fueled by pro-crypto sentiments from the future U.S. leadership and the increasing adoption of the cryptocurrency. But while Bitcoin’s gains have been impressive, another asset has outperformed it significantly over the past five years: Nvidia (NASDAQ:NVDA).

Here’s a look at how the two assets have fared over the past five years, with starting points adjusted to reflect recent splits:

Bitcoin Performance: Starting at $10,000 on March 13, 2020, Bitcoin has surged by 834.36%, hitting $93,434.36 on Friday, March 13, 2024.

Nvidia Performance: Starting at $200 on March 13, 2020, Nvidia stock has soared by 4,471.8%, reaching $9,343.60 on Friday, March 13, 2024.

As the starting points for both assets have been adjusted to reflect recent splits, the gains mentioned above are also adjusted accordingly.

Nvidia’s outperformance is largely due to the booming demand for AI chips, which has been a key driver of the company’s growth. With the continued development and adoption of AI technology, Nvidia is well-positioned to benefit from the growing market.

Analysts are bullish on Nvidia, with some setting price targets that indicate even more upside potential for investors. Benzinga Pro users can track the latest NVIDIA options trades.