Bitcoin outperformed Amazon, Netflix over last decade

Bitcoin,
crypto’s
top
token,
outperformed
equities
from
tech
giants
like
Amazon,
Google,
and
Netflix
over
the
previous
10
years.

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

At
the
close
of
2014,
a
BTC
cost
about
$378.
Recently,
digital
assets
have
been
largely
in
a
downturn,
and
BTC
changed
hands
16%
below
its
all-time
high
set
in
March,
at
$61,500
per
token
price
at
press
time,
per
CoinMarketCap.

Bitcoin
ranked
second
among
tech
investments

TradingView
data
showed
that
GPU
maker
Nvidia
was
the
only
tech
heavyweight
to
outclass
BTC
over
the
past
10
years.
Nvidia’s
stock
NVDA
has
returned
a
cumulative
17,797%,
against
Bitcoin’s
12,464%.

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

What’s
next
for
BTC? 

Last
month,
a
hardcoded
on-chain
shift
designed
by
BTC
creator
Satoshi
Nakamoto
went
live,
slashing
block
mining
rewards
by
50%
and
straining
miner
revenues.
The
Bitcoin

halving
maintains
scarcity
by
curtailing
token
inflation,
introducing
a
fresh
supply
dynamic
to
the
market.

Historically,
a
market
lull
follows
the
halving
and
prices
stagnate
for
some
time
before
rising
higher. Speculators
surmised
that
the
trend
might
change
in
the
short-term
during
this
cycle,
but
an
expert
told
crypto.news
that
the
long-term
impact
outweighs
immediate
price
movement. 

DCL.Link
Partnerships
Lead
Peter
M.
Moricz
said
BTC
miners
must
adopt
a
more
energy-efficient
approach
and
hedge
operations
to
cover
expenses.
One
miner,
Stronghold
Digital
Mining,
is

assessing
its
options
to
stay
afloat,
including
selling
its
business
to
maximum
shareholder
value.

Moricz
argued
that
a
major
concern
is
mining
centralization,
rather
than
revenue. As
more
entities
consolidate
businesses
and
possible
mergers
occur,
the
risk
of
government
influence
increases,
and
“this
is
the
main
concern
for
the
BTC
ecosystem
going
forward,”
Moricz
explained. 

Regarding
price
action,
the
financial
markets
veteran
remarked
that
higher
BTC
prices
are
inevitable
despite

skepticism
from
some
Wall
Street
stalwarts. 

“The
BTC
ETF
has
pulled
all
the
price
movement
forward
rather
than
after
the
halving.
Even
then,
the
historical
pattern
showed
that
each
price
action
was
lower
than
4
years
prior.
BTC
rallied
for
the
past
7
months,
ever
since
the
BlackRock
BTC
ETF
application
was
rumored,
and
with
IBIT
pulling
in
a
record
amount
of
money
for
any
ETF,
the
steam
had
run
out
for
now.

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
Jamie
Dimon
says.”

Peter
M.
Moricz,
DCL.Link
Partnerships
Lead