By Cyber Era NG Special Correspondent
Despite Bitcoin’s (BTC) massive gains in 2024 that enabled the cryptocurrency to breach the long-awaited milestone of US$100,000 per coin, Finbold research found that the semiconductor giant Nvidia (NVDA) would have been the superior investment.
Specifically, a BTC investment made at the start of the year would have yielded a return of 139.72 per cent by Thursday, December 12. During the same period, NVDA shares appreciated by 188.47 per cent, meaning Nvidia’s gains were 1.35 times higher than Bitcoin’s and provided a 35.7 per cent greater ROI.
The difference in the performance between the two assets becomes even starker once market capitalizations are accounted for. In 2024, the chipmaker’s valuation rose by US$2.19 trillion and Bitcoin’s by US$1.17 trillion, meaning Nvidia’s growth was 87 per cent larger.
Nvidia outperforms Bitcoin over longer time frames
Since the start of 2023, Nvidia’s return stands at 835 per cent, compared to Bitcoin’s 494 per cent. Similarly, since January 2020, NVDA shares have surged 2,255 per cent, while BTC has risen 1,273 per cent.
As a co-author of the research, Andreja Stojanovic pointed out: “Driven by the magnitude of the ongoing artificial intelligence (AI) boom, NVDA shares have had a far more straightforward path since 2022. A major result of such performance is that the semiconductor giant emerged as the superior investment within longer time frames as well as in 2024.”
Finally, despite Nvidia’s stellar performance, Bitcoin would have been a more lucrative investment if made at several specific points in its history. For example, a January 2015 purchase of BTC would have appreciated 36,000 per cent, while an NVDA stock buy at the same time would have returned 27,000 per cent.
