Bitcoin has continued to outperform traditional investment vehicles during the last 30 days. According to Finbold, Bitcoin has outperformed major tech shares in the previous 30 days.
Tech stocks that Bitcoin outperforms
As of February 13, Bitcoin outperformed the top six technology stocks by an average return on investment (ROI) of 12.24 percent.
- Bitcoin significantly outperformed Meta, which was up by 46.74 percent, followed by Tesla, the manufacturer and BTC holder of electric vehicles, at 18.37%.
- Bitcoin passed Amazon by 3.78 percent, with Google parent company Alphabet close behind at 1.84 percent.
- When comparing Bitcoin’s ROI to that of Microsoft and Apple, it was found that Bitcoin has a higher return on investment (ROI) by 1.95 percent.
SEE ALSO
Digital euro is coming in 2023
Digital euro is coming in 2023
After the US$200 billion collapses of Meta in early February, many technology stocks took a significant hit, which was soon followed by Bitcoin’s resurgence above US$40,000 following its second descent below the margin.
Bitcoin is presently valued at approximately US$41,818, according to JPMorgan, who argues that the price is considerably more than it should be.
