Bitcoin (CRYPTO: BTC) reclaimed its top spot as the best-performing asset over the past decade, narrowly edging out Nvidia Corp. (NASDAQ:NVDA).
Bitcoin Edged Past Nvidia in 10-Year Gains
Mark Harvey, a widely followed Bitcoin investor and analyst, shared a table of major assets and their 10-year returns.
Bitcoin claimed the top spot with a staggering 13,491% return, while Nvidia, a key gauge of AI enthusiasm and the wider U.S. stock market, finished a close second at 13,428%.
Nvidia Has Had the Better Off Bitcoin Lately
It’s worth noting that over a shorter timeframe, Nvidia has clearly outperformed Bitcoin.
| Asset | YTD Gains +/- | 1-Year Gains +/- | 5-Year Gains +/- |
|---|---|---|---|
| Bitcoin | -9.98% | -28% |
+63.22% |
| Nvidia | +11.79% | +15.94% | +820% |
Both Nvidia and Bitcoin are risk-laden investments, and traders must navigate their inherent volatility to profit. For that, analysts track the Sharpe Ratio, a measure of risk-adjusted returns.
Bitcoin’s Sharpe Ratio stood at 7 as of this writing, according to TradingView, indicating that investment in the stock was generating positive returns above the risk-free rate. In Nvidia’s case, the ratio was -1.20, suggesting that the expected return was lower than that of a risk-free investment.
Among the remaining “Mag 7” names, Microsoft Corp. (NASDAQ:MSFT) and Amazon.com Inc (NASDAQ:AMZN) delivered gains of 740% and 591%, respectively, in the last 10 years.
Compared to Bitcoin, gold underperformed, gaining just 248% in the last decade.
Bitcoin Climbs Above $80,000 in Latest Rally
Bitcoin reclaimed the top spot after a sharp rebound pushed the leading cryptocurrency above $80,000 for the first time in more than three months.
Bitcoin is up over 25% in a week, versus a typical weekly move of about 3%. It also broke above its 200-day moving average.
Price Action: At the time of writing, BTC was exchanging hands at $80,635.77, up 3.91% in the last 24 hours, according to data from Benzinga Pro.
Nvidia shares were up 1.16% in Tuesday’s pre-market after closing 2.91% lower at $208.48 during Monday’s regular trading session.
Benzinga Edge Stock Rankings indicate that NVDA maintains a stronger price trend across short-, medium-, and long-term timeframes, supported by elevated Value and Growth scores.
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