Nvidia (NVDA) is 35% better investment than Bitcoin in 2024 despite BTC price rally
In 2024, Bitcoin (BTC) recorded triple-digit gains and even breached the long-awaited milestone price of $100,000 in early December. Despite BTC’s significant rise throughout the year, Finbold research found that the semiconductor giant Nvidia (NASDAQ: NVDA) delivered even higher returns than Bitcoin. An investment in Bitcoin made at the start of 2024 would have yielded a return of 139.72% by Thursday, December 12. In comparison, Nvidia stock would have appreciated 188.47% over the same period, making NVDA’s gains 1.35 times higher than BTC’s and offering a 35.7% greater return on investment (ROI). Nvidia stock’s valuation grew 87% more than Bitcoin’s in 2024 The discrepancy between the two star investments is even more obvious once their respective market capitalizations are considered. Bitcoin’s valuation stood at approximately $830 billion at the beginning of the year, and it rose to almost exactly $2 trillion by press time. In tot...