Bitcoin

Block

In the last ten years, Bitcoin, the dominant cryptocurrency, has beaten tech giants such as Amazon, Google, and Netflix, despite the volatility in prices, boasting 12,464% growth, as reported by <a href="https://twitter.com/WuBlockchain/status/1786244259307528644" target="_blank" rel="noreferrer noopener">WuBlockchain</a>. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img loading="lazy" loading="lazy" decoding="async" width="680" height="465" src="https://www.cryptotimes.io/wp-content/uploads/2024/05/Bitcoin-Outperforms-Tech-Giant-Amazon-and-Google-in-Growth.jpg" alt="Bitcoin Outperforms Tech Giant Amazon and Google in Growth" class="wp-image-164900">
 <figcaption class="wp-element-caption">
 Source: WuBlockchain
 </figcaption>
 </figure>
</div> 
It is now <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noreferrer noopener">trading</a> at $61,766 per token, 17% below its peak. Nvidia’s stock exceeded Bitcoin’s growth with a 17,797% increase over the past decade, while other top tech investments include AMD, Tesla, and Amazon. 
AMD ranked third with a 3,335% price increase, while Tesla followed with a 1,200% increase, and Amazon completed the top five with a 1,063% gain. 
The recent Bitcoin halving, reducing block mining rewards, aims to maintain scarcity. While short-term price movements may vary, experts foresee long-term positive impacts. 
Peter M. Moricz of DCL.Link noted concerns over mining centralization and emphasized the inevitability of higher Bitcoin prices. He suggested a market correction followed by upward trends due to Bitcoin’s limited supply. 
Peter M. Moricz, from DCL.Link, said, “A correction, with some sideway trading, will give a healthy market for the next leg up. BTC scarcity is real – there are only 21 million BTC out there no matter what.” 
With growing institutional interest, such as the anticipation of a Bitcoin ETF, Bitcoin’s long-term prospects remain positive, reinforcing its position as a valuable asset in the evolving financial landscape. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/05/03/block-to-invest-10-of-bitcoin-profits-into-btc-monthly/" target="_blank" rel="noreferrer noopener">Block to Invest 10% of Bitcoin Profits into BTC Monthly</a> 
</blockquote>

Bitcoin Outperforms Amazon and Google with 12,464% Growth

The Crypto Times

Other articles published on May 4, 2024

Kitty With Hat (KITHAT) to Surge 14,000% Ahead of MEXC Listing, as Shiba Inu, Bonk and Dogecoin Lag

Saylor: SEC Akan Cap ETH Sebagai Sekuritas dan Tolak Pengajuan ETF Ethereum

5 things to keep in mind as crypto responds to the US Jobs data

USD Coin and Cosmos Investors Gather for Raffle Coin’s Revolutionary Presale, Anticipating Signif...

Michael Saylor’s Controversial Classification of ETH (Ethereum), XRP (Ripple), and ADA (Cardano) ...

Expert Predicts Cardano Set for Parabolic Surge Following Price Drop

Join our free newsletter for daily crypto updates!