Alphabet, Nvidia, And Gamestop Outperformed Bitcoin In 2021

Bitcoin has had a fantastic year. Even though its yearly rate of return reached 30%, firms such as Alphabet, Nvidia, and Gamestop had even higher returns.

Over the previous 365 days, the price of bitcoin has climbed by 31%. During this time, the rate plummeted to its lowest point of 28 thousand dollars. However, it is now fluctuating at USD 44,000. However, it should be noted that in 2021, Bitcoin achieved an all-time high of about $70,000 per coin.

Furthermore, BTC’s market capitalization remains at an all-time high of $880 billion. As a result, the original currency is still ranked top on CoinMarketCap.

As a result, technological firms such as Nvidia and Alphabet have seen an even more significant market value increase. Throughout 2021, their stock increased by 68 percent.

Other technological firms also had significant gains: for example, Nvidia’s shares increased 125 percent, boosting its market valuation to more than $750 billion. But that is not all. Microsoft shares rose by 54%, Apple by 41%, and Tesla by 64%.

Then there are the shares of GameStop, the world’s most well-known video game retailer. Their price was $ 20 at the start of 2021 and grew to over $ 150 by the end. This equates to a 680 percent profit. The firm made headlines in 2021 due to the WallStreetBetsgroup, and she organized a pump to boost the share price and stand up to Wall Street’s behemoths.

Read Also: Fear And Greed Index At Its Lowest Level Since July 2021

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