Bitcoin may be making headlines for hitting an all-time high after the US presidential election, but an even more impressive success story is unfolding. As the world’s most popular cryptocurrency approaches the $100,000 milestone, Nvidia (NASDAQ:NVDA) has significantly outperformed Bitcoin over the past five years.
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Bitcoin has had an incredible year. Since the 2024 presidential election, the stock has been on a meteoric rise, recently reaching $93,434.36 and approaching the long-awaited six-figure mark.
Changing regulations, growing institutional interest, and especially pro-crypto sentiments from the future US leadership have all contributed to Bitcoin’s rise. Many analysts now expect the price to reach $100,000 sooner rather than later, and the enthusiasm is clear.
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But while Bitcoin is getting attention, Nvidia stock is outperforming it. On November 14, Nvidia’s stock price closed at $146.27, a staggering 2,768% increase over the previous five years. To put things in perspective, Bitcoin is up about 973% in that time, which is remarkable, but still significantly less than Nvidia’s massive growth.
The technology sector now relies heavily on Nvidia. Their specialist chips are in high demand as artificial intelligence (AI) becomes a more important part of everything from data centers to consumer goods. The company has experienced exponential growth and the stock price has followed suit.
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One of Nvidia’s recent achievements is replacing Intel in the Dow Jones Industrial Average. This action highlights the ongoing transition to AI technology and firmly establishes Nvidia as a major force in the technology sector. With a market cap of $3.43 trillion, Nvidia recently surpassed Apple to become the most valuable company in the world.
