NVIDIA and Bitcoin seem locked in a fierce battle, each striving to become the most coveted route to riches for ordinary investors. Fuelled by "animal spirits," enthusiastic investors are writing a rosy narratives for both and their futures.
NVIDIA has once again shattered Wall Street’s lofty expectations in its quarterly earnings report, bringing in $22.1 billion of sales last quarter, 265 per cent higher than the same quarter a year ago. Analysts had estimated $20.4 billion, according to FactSet.
Bitcoin is set to benefit from another halving and has broken through $70,000 for the first time. It has also been through a lot since the Pandemic, from being introduced as legal tender in El Salvador to Elon Musk's mass purchase of Bitcoin for Tesla.
So, this is a data visualisation that I published this morning. It's hot off the press. I threw in gold just for good measure.
Source: Eeagli
Coming up:
Saudi Aramco’s insane profits
Real assets relative to financial assets since 1925
China versus the US: Number of electric car chargers
The purchasing power of the US dollar has dramatically fallen
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