Leading cryptocurrency Bitcoin (BTC), It has certainly overtaken all leading stocks and financial investment instruments in annual returns in previous years. Bitcoin’s performance in previous years may have been interrupted despite the current bull market.
Bitcoin’s Annual Yield Decreased
According to data transmitted by Finbold, the indicator that calculates Bitcoin’s return relative to other assets will show this year’s return. 62.43% as revealed. As of December 30, 2021, the annual return of BTC, which was 62%, was surpassed by some stocks. Although the leading cryptocurrency rose as high as $69,000 at one point, it fell behind two popular stocks due to its current rate of return.
BTC annual return, graphics card and chip manufacturer Nvidia’of (NVDA) It fell behind by 28.83%. Even though Nvidia is a pretty big company, it announced an incredible earnings last quarter, increasing its sales by 50% in the third quarter to $7.1 billion. The company’s 12-month revenue increased to $24.3 billion.
Another stock that managed to surpass Bitcoin is Moderna (MRNA) it happened. The US-based pharmaceutical and biotechnology company outperformed BTC by 32% in its performance this year.
Although Moderna actually lost half of its value after hitting a record share price in August, it still surpassed the yield of the leading cryptocurrency. Even though the company has lost $98 billion in value, its annual return is quite high. In fact, this shows that the difference that BTC has made to the stocks of large companies is gradually getting behind.