Web2 "Veterans don't die"? Why tech giants can affect Bitcoin

Bitcoin got off to a bad start in 2022. Over the past 12 months, Google (parent company Alphabet), NVIDIA, Gamestop, Microsoft, Apple and Tesla have outperformed Bitcoin in return on investment (ROI).

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1. Bitcoin will be successful in 2021.

2. But by 2021, more and more technologies will do better.

When it comes to investments, a return of 60% per year is quite impressive. However, the ROI of Bitcoin held in 2021 has not exceeded Alphabet (the parent company of Google), a company that Web2 is working to improve. Bitcoin's performance in December was average and I have to say that all of 2021 ended with a 60% return. This is the best performance since 2018 (at that time, the price of Bitcoin fell by a quarter).

For Bitcoin, obviously the market leader, these double-digit refunds can not only help but insult people. Bitcoin currently has a market cap of US $ 880 billion, ranking eighth on Meta (FB) and NVIDIA on the CoinMarketCap asset list. Typically, new blockchain and crypto projects (Axie, Solana, Shiba, etc.) are launched as assets slowly increase resulting in lower revenues and more room for growth. wonderful return.

Letters, which now have a higher market share than Bitcoin, completely beat Bitcoin with a 68% return. According to data provided by Google Finance, the share price of parent company Google will increase by 68% in 2021 thanks to the increase in advertising revenue from some platforms like YouTube.

At the same time, other high-tech devices are enjoying great success. Nvidia specializes in the development of chips for video game equipment and crypto mining tools. Thus, the company reached 125 ..% Exit in 2021, the current market value will exceed $ 750 billion.

Another company on the list of these top companies is Game Station (GME), a video game retailer with a market value of $ 11.7 billion. In January 2021, community members in the WallStreetBets segment (one of the most popular and community-based exchange options) continued to purchase products and services from businesses. $ 20. Near $ 150 in early 2021, memes products grew 687%.

the information is not wrong

According to data provided by CoinGecko, Bitcoin is off to a very slow start until 2022, with cryptocurrency income rising 40% in the past 12 months. In contrast, some Web 2 tech companies' products have performed well over the past year, including:

1. Microsoft's (MSFT) share price rose 54% compared to the same period last year.

2. Another tech company, Apple (AAPL), grew 41%.

3. Over the past 12 months, shares of electric vehicle maker Tesla (TSLA), owned by Dogecoin fanatic Elon Musk, have risen 64%.

In fact, if Elon Musk hadn't "shuffled" Bitcoin, Tesla's value would have been higher. In February 2021, Tesla announced that it would spend $ 1.5 billion to buy Bitcoin in the near future and accept Bitcoin as a payment method. However, the rise in Bitcoin next month caused Tesla's stock price to drop from $ 863 to $ 563.

Cryptocurrencies and company products are two types of assets, but it is best to compare them because of their differences. The Letters are like many of the top rated companies that have ever made a regular payment to distributors. In addition, certain products, in particular personal products, can be included in the pension and therefore tax advantages, making these products more attractive to professional consumers. Since Bitcoin is not, you need Bitcoin trading capital that can trade the products of an existing exchange.

Of course, Bitcoin holders may be a little squeamish about the comparison data described in the article. Going back to another time, these numbers can be seen completely differently. After all, Bitcoin has a wonderful history. But, as mentioned in a recent Bloomberg article comparing Bitcoin and Apple, that's the point.

"At least after the Great Depression over the past year or so, you have to accept that Bitcoin is coming back unlike the companies that made the phones."

It should be noted that just two days ago, Apple became the only company in the world with a market capitalization of over $ 3 trillion, beyond the current investment portfolio of around 23,600 crypto. -currencies, more than 3,000 billion dollars.

From this point of view, the “veterans” of the Web 2 domain have not withered yet.