NVDAUSD
NVDA / United States dollar
crypto

Bitcoin is a cyclical commodity with historically ~3 year down trends after peaks. There is still room for bitcoin to decline in 2026 if there are still public crypto supporters.
The bottom could sometime be mid to late 2027 and new NVDA GPUs in 2027-2028 to catalyst a new crypto mining frenzy to peak 2028 or 2029.
Peaked 2013
Down 2013-2016
Peaked 2017
Down 2017-2020
Peaked 2020
Down 2020-2023
Peaked 2025
Down 2026-2028
All speculation. Past gains do not guarentee future returns. I do not have the constitution for crypto volatility and timing.

Tokenized NVDA onchain caught my attention - test position is already up

Finally got exposure to NVDA without going through a broker

I kept seeing the argument that Bitcoin has badly underperformed on a 5-year basis, so I looked at the actual comparison.
Using adjusted prices / total return where applicable, BTC is actually ahead of the S&P 500 and still relatively close to Nasdaq-100 and gold. The obvious outlier is Nvidia, which basically captures the AI boom.
Bitcoin price to beat performance of benchmark assets:
S&P 500 / SPY: ~$62k
Nasdaq-100 / QQQ: ~$69k
Gold / GLD: ~$75k
Nvidia / NVDA: ~$340k
So the “BTC badly underperformed everything” take seems overstated. It underperformed the strongest AI-linked winner, but not broad equities by much, and not the S&P at all.
The bigger question is whether the AI trade can actually monetize into external operating cash flows that justify today’s valuations. Also, a meaningful part of S&P/Nasdaq performance has been AI-driven, so ex-AI, Bitcoin’s relative performance would probably look much stronger.
All this while Bitcoin is called the worst investment ever after the most hated bullrun. Even at its worst it performs good enough to beat the index fund running from ATH to ATH.
And we all know that Bitcoin is going to be the best performing asset for the next 3 years at least.