Semiconductor stock NVIDIA Corporation NVDA has been one of the best performing stocks over the last year and five years, but has been beaten by software company MicroStrategy Inc MSTR
Semiconductor stock NVIDIA Corporation (NASDAQ:NVDA) has been one of the top performing stocks over the last year and five years, but it has been beat by one stock for one key reason.
What Happened: Nvidia stock is up 2,878% over the last five years and up 172% over the last year. The company briefly passed Microsoft Corporation (NASDAQ:MSFT) and Apple Inc (NASDAQ:AAPL) to be the most valuable company in the world earlier this year.
A look at the five-year chart from Benzinga Pro below shows how the stock has surged in the past couple years thanks to the company's dominant market share and growth through artificial intelligence products.
While Nvidia shares are up significantly, software company MicroStrategy Incorporated (NASDAQ:MSTR) has outperformed the semiconductor stock since Aug. 10, 2020.
That date is important in the history of MicroStrategy and in the cryptocurrency community as it marks the start of MicroStrategy getting on the Bitcoin (CRYPTO: BTC) standard.
A look at the five-year chart from Benzinga Pro shows the performance of MicroStrategy below.
The software company first invested $250 million in Bitcoin in August 2020 and has been buying the leading cryptocurrency ever since.
"To Outperform $NVDA – Get on the #Bitcoin Standard," MicroStrategy founder and chairman Michael Saylor tweeted.
Saylor shared a chart showing the performance of several stocks and Bitcoin from Aug. 10, 2020 through July 15, 2024. The stocks and returns are listed below:
The return of both MicroStrategy and Nvidia has outperformed the return of Bitcoin. The Benzinga Pro chart below shows the performance of Bitcoin over the last five years.
Saylor also shared a clip from Fox Business where host Charles Payne discussed the performance of Bitcoin versus other asset classes since 2013.
"28% of young people say they want it and I'll tell you why," Payne said.
The Fox anchor circled Bitcoin at the top of the yearly chart as the top performing asset in 2013, 2015, 2016, 2017, 2019, 2020, 2021 and 2023.
Payne said going back to 2013, Bitcoin is the number one performing asset, up 315,000%.
The Benzinga Pro chart below shows the 10-year performance of Bitcoin.
Related Link: Michael Saylor Summarizes Why MicroStrategy Is Superior To Bitcoin ETFs
Why It's Important: Before Bitcoin ETFs were approved, MicroStrategy was one of the ways for investors to get exposure to the leading cryptocurrency.
"We think that the highest quality, best asset in the world is Bitcoin," Saylor told Benzinga in an interview. "Everything else in the world is inferior to Bitcoin."
Saylor said if you gave him $1 million, he wouldn't buy a sports team, a building or a company.
"All I want to buy is Bitcoin."
Saylor also cautioned trying to time the market and buying Bitcoin at its lowest price, instead choosing to accumulate over a long-time horizon.
"But if you look out over four years or six years or eight years, then simply acquiring high-quality property with free cash flow is generally a really good investment strategy."
Saylor said when it comes to business and Bitcoin strategy, it's simple.
"We have a simple strategy and our strategy is we just acquire Bitcoin, and we hold the Bitcoin."
MicroStrategy recently bought 11,931 additional Bitcoin. The company now holds 226,331 Bitcoin worth around $14.7 billion. The company paid an average of $36,798 per Bitcoin.
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