Technology company Nvidia‘s (NVDA) outperformance of Bitcoin over the past ten years is not expected to continue into the next decade, according to several crypto executives.
“Near zero chance of Nvidia outperforming Bitcoin over the next 10 years,” argued Swan Bitcoin CEO Cory Klippsten in a May 24 X post.
“I’d pick Bitcoin over Nvidia for the next ten years, personally,” investment strategist Lyn Alden stated, after pointing out on X that NVDA “is one of the few assets that has outperformed Bitcoin over a 10-year time period.”
From May 23, 2014, to May 23, 2024, Nvidia — known for producing chips used to train and deploy artificial intelligence (AI) models — achieved a return of 21,558%, while Bitcoin returned 13,048%, as per Statmuse data.
Over the last three months, following the approval of spot Bitcoin exchange-traded funds (ETFs) on January 10, Bitcoin has slightly outperformed Nvidia with returns of 31.7% compared to Nvidia’s 30.2%.
The Kobeissi Letter highlighted that a $10,000 investment in Nvidia stock in 1999 would be worth $25.3 million today, as mentioned in a May 24 X post.
READ MORE: Bitcoin and Ether Dip 3.5% Amid Institutional ETF Approval and Market Uncertainty
Daniel Sempere Pico speculated whether Nvidia was seen as an even riskier investment back in 2014 when both Bitcoin and AI were less mainstream.
“Don’t know if the whole AI thing could have been predicted by anyone back in 2014, but there were some people who could already see Bitcoin’s potential,” Pico explained.
“If we were to go back to 2014, I wonder which one we’d think is more risky and less obvious to achieve such incredible returns,” he added.
However, the co-founder of 21st.capital, known as “Sina” on X, argued that financial assets generally have broader network effects than AI as more people begin to use them.
“There are no network effects in AI. There are multiple layers of network effects in money,” Sina argued in a May 24 post.
While there are optimistic predictions for Bitcoin’s performance over the next 24 months, some experts also warn of potential significant corrections.
On March 4, Cointelegraph reported that former physics professor Giovanni Santostasi, using his “Power Law” model, predicts that Bitcoin could peak at $210,000 in January 2026 before falling to as low as $60,000 afterward.
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