Bitcoin tops blue-chip stocks in 10-year gains
To this day, the emergence and meteoric rise of Bitcoin (BTC) continues to captivate the world of investing and finance, standing as one of the most unprecedented events in recent history.
However, many are not entirely aware of how extraordinary Bitcoin’s price growth actually was, considering that the cryptocurrency was launched just 14 years ago. So let’s put it into numbers.
On Friday, May 26, prominent investor and market strategist Charlie Bilello posted a tweet, showing Bitcoin’s price gains over the last 10 years, compared to price increases recorded by some of the world’s biggest and most blue-chip stocks, such as Microsoft (NASDAQ: MSFT), Apple (NASDAQ: AAPL), Nvidia (NASDAQ: NVDA), and Amazon (NASDAQ: AMZN), among others.
The tweet shows that Bitcoin topped that list by some distance, raking in price gains of a whopping 19,968%, followed by Nvidia with 11,145%.
The gap gets even wider as the list progresses, with AMD (NASDAQ: AMD), Tesla (NASDAQ: TSLA), and Apple stocks rising 2,896%, 2,884%, and 2,884% during that period, respectively. The likes of Microsoft, Facebook (NASDAQ: META), and Google (NASDAQ: GOOGL) saw their share price soar by 1,047%, 908%, and 459%, respectively.
