House of Chimera's latest post reveals surprising results: Bitcoin-backed MicroStrategy has outperformed top S&P 500 stocks. Let’s conduct a comparative analysis to understand this phenomenon better.
MicroStrategy Performance Overview
At the beginning of the year, the MicroStrategy market was around $68.35. On March 27, after reaching the Bitcoin yearly peak, the price of MicroStrategy reached $195.03. At the start of the month, the price was around $131.95. It reached a monthly low of $114.13 on September 6. Currently, the price stands at $149.97, showing a 2.09% rise over the last month.
Comparison with Top S&P 500 Stocks
Apple INC has seen a growth of just 28.62% over the last twelve months. At the start of the year, the price was around $187.13 and touched a peak of $236.12 in July. Now, the price stands at $226.47, showing a negative growth of 0.31% over the last month. Microsoft Corp has shown a rise of 36.52% over the past year. At the start of the year, the price was around $373.89 and reached a peak of $467.45 in July. Currently, the price stands at $433.51, recording a growth of 4.84% over the last month. Amazon.com Inc has seen a growth of 47.70% over the past year. At the start of the year, the price was nearly $151.34, breaking the $200 level in early July. Now, the price stands at $193.88, with a 10.47% rise over the last month. NVIDIA Corp, over the past year, has shown an impressive growth of 175.37%. This year alone, it has recorded a return of 141.35% against MicroStrategy’s 118.97%. At the start of the month, the price of NVIDIA Corp was $48.23. On June 20, it touched a peak of $139.64, followed by a sideways trend between $130 and $91.59. Currently, the price stands at $116.26, showing an 8.07% decline over the last month.
Performance Analysis
Data indicates that the experts' statement is in no way an exaggeration: MicroStrategy has indeed outperformed some of the top S&P 500 companies over the past year.
Thus, the data analysis indicates a significant advantage for MicroStrategy compared to the top S&P 500 stocks over the past year.
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