jakiro
Author: shane neagle, coingecko; compile: Tao Zhu, Bitchain Vision Realm
The phenomenon of seven giants is the result of integration.When a company monopolizes a specific market space, it will get enough motivation to continue to grow, and annexation may threaten its startups in the future.In addition, these companies often expand their product scale more effectively and further consolidate their market position.
This process happenedApple (AAPL), Microsoft (MSFT), Alphabet (Googl), Meta Platforms (META), Amazon (AMZN), Nvida (NVDA), TSLA (TSLA) (TSLA) (TSLA) (TSLA) (TSLA)On the body.Bank of America analysts Michael Hartnett called them “seven giants” in April 2023.At that time, these stocks contributed a return of 88% for shareholders.
Although Tesla is losing its leading position, the performance of the seven giants is still better than the broader market.The Roundhill Magnification Seven ETF (MAGS) This year, the return rate is 35.8%, while the standard of the standard Standard 500 (SPX) is 15.1%in the same period.
Seven Giant Stocks (about 30%of the S & P 500 Index) represented the concentrated market of American technology stocks with its extraordinary market performance.Therefore, they are compared with other technologies without income -blockchain network -how?
Specifically,The Bitcoin (BTC) of the seven giants and the representative workload is compared with the Ethereum (ETH) of the representative rights and interests?
Does the performance of cryptocurrencies surpass the seven giants?
Cryptocurrencies are better than stocks of most seven giants, but compared with stocks, the market value of cryptocurrencies in 2019 is also significantly lower.What is the performance of the seven giants, Bitcoin and Ethereum?
Sorted according to the market value weight, the ranking within five years (from May 7, 2019 to June 28, 2024) is as follows:
From the perspective of valuation growth, Nvidia and Tesla are obviously winners, with an increase of 2,782.8% and 1,102.2%, respectively.Amazon and Meta are the slowest growth companies.
The total market value of these two companies was 1.5770 trillion US dollars, an increase of 262.5%over US $ 4.35 trillion five years ago.
In the past five years, Nvidia has performed better than Bitcoin and Ethereum
NVIDIA is the only stock of the seven giants that performed better than Ethereum and Bitcoin in five years.Its market value increased from US $ 105.42 billion to US $ 3.039 trillion, an increase of 2782.8%during this period.As of June 28, 2024, Bitcoin and Ethereum accounted for 66.9%of the total market value of $ 2.46 trillion, with Ethereum, which were US $ 1250 billion (49.9%) and $ 421 billion (17.0%).
In the past five years, from May 8, 2019 to June 28, 2024, the market value of Ethereum (ETH) increased from US $ 18.16 billion to US $ 368.3 billion, and the market value increased by 1,880%.
In the past five years, from May 8, 2019 to June 28, 2024, the market value of Bitcoin (BTC) increased from nearly 6 times that of nearly 6 times to US $ 1257.16 billion, and the market value increased by 1,109%.
In other words, considering that Ethereum was launched six and a half years after the launch of Bitcoin, Ethereum’s performance was 1.7 times higher than Bitcoin.Therefore, the growth benchmark of Ethereum is a lower market value.Compared with the seven giants:
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The market value of Ethereum is consistent with NVIDIA, with 2,218.3% and 2,782.8%, respectively.
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The market value of Bitcoin is consistent with Tesla, with 1,102.2% and 1,340.8%, respectively.
What is the market value of the seven giants compared with Bitcoin and Ethereum?
What surprised many people was that the US Securities and Exchange Commission (SEC) changed its position in Ethereum ETF.As of May 23, 2024, the market regulatory agency has approved the listing of the three exchanges and the spot transaction Ethereum Fund.There are 8 Ethereum ETFs on the New York Stock Exchange ARCA, Nasdaq, and Chicago Options Exchange BZA.
Considering this new development, as of June 28, 2024, the comparison market value of all seven giants except Bitcoin and Ethereum was shown below.
Considering the growth of the past five years, since May 2019, NVIDIA and Ethereum have achieved the highest comparable market value growth, respectively, 2,782.8% and 2,218.3%, respectively.
They hold a total of $ 1.744 trillion, of which Bitcoin and Ethereum account for 9.6%.
Bitcoin and Ethereum market value differences
It can be seen from the figure above that the ups and downs of Bitcoin and Ethereum are consistent with the ups and downs of the Ethereum.
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PayPal announced the integration of cryptocurrencies in October 2020.
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Elon Musk abandoned BTC payment and switched to Tesla, which is a major inhibitory event.
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In May 2022, Terra (LUNC) collapsed ended the bull market.
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The Fed started to raise interest rates in March 2022, maintaining a momentum.
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After the bankruptcy of many companies such as Blockfi and CelSius, in 2022, it ended with the collapse of the third largest cryptocurrency exchange FTX in November.
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Starting from the US banking crisis in March 2023, BTC and ETH began to recover.
However, after the US Securities and Exchange Commission approved 11 Bitcoin ETFs on January 11, 2024, the growth of Bitcoin and Ethereum had greater differences.Starting from the use of this milestone, the market value of Bitcoin increased from US $ 838.38 billion to US $ 1250 billion, and the market value increased by 50%.
During the same period, the market value of Ethereum increased from US $ 2811.14 billion to $ 421 billion, an increase of 50%.This is not surprising, because Ethereum is about to launch its own ETF lineup.However, Ethereum’s market is much smaller than Bitcoin, so people may expect it to have a better performance.
