Nvidia And GameStop Outperformed Bitcoin In 2021: Report

Nvidia and GameStop both outperformed Bitcoin in 2021 but it was not just these two companies. Apple, Tesla, Microsoft, and Alphabet all beat BTC in the past 12 months so let’s read more about this analysis in our Bitcoin latest news.

When it comes to investing, it is still quite hard to fight with an annual return of 60%. however, Bitcoin holders earned lower yields in 2021 than one of the Web2 companies that crypto is trying to overtake which is Google’s parent company Alphabet. Bitcoin entered rough seas in December and limped into the new year with 60% returns for 2021 as its worst performance since 2018 when it lost about three-quarters of the value.

The double-digit returns are not stunning especially given Bitcoin’s market dominance and its $880 billion market cap. As assets get larger, their upward mobility usually decreases and there’s more room to grow when you are less established which is why the new coins and tokens like Solana, Axie, Shiba Inu are able to post astronomical returns. Alphabet however has a  market cap bigger than Bitcoin. Google’s parent company saw its stock price rise 68% in 2020 thanks to the rise in advertising revenue across its platforms including Youtube.

Other top-tier tech stocks did well as well. Nvidia and Gamestop both outperformed bitcoin for example. Nvidia makes chips for video game devices and crypto mining rigs and it gathered 125% returns as the supply chain problems increased the demand with its market cap reaching $750 billion. GameStop is worth $11.7 billion. As we saw last January, the WallStreetBets subreddit group coordinated to continue buying the stock and overpowered the hedge funds shorting GME. The share price increased from $20 at the start of 2021 to $150 at the end with a 687% increase for the meme stock.

Microsoft is up by 54% from last year and Apple registered 41% gains. The electric car maker Tesla headed by Elon Musk is now up 64% over the past year. Tesla’s stock could have done better if it wasn’t for Musk’s negotiations with Bitcoin. The company announced a $1.5 billion BTC buy-in in February and accepted the cryptocurrency as payment but then it saw its share prices dip from $863 to $563 as BTC dropped. While cryptocurrencies and companies are totally different, comparing the numbers is quite needed. Most stocks pay regular dividends to the shareholders and they can be incorporated into retirement accounts which means they have built-in tax benefits which make them more attractive to retail investors. With bitcoin that’s not the case whcih is why there’s a strong demand for Bitcoin exchange-traded funds.