Despite Bitcoin and the equities market starting the year on a choppy note, the cryptocurrency has demonstrated its growing dominance by outperforming major tech stocks.
As of February 13, 2022, Bitcoin had outperformed the top six tech stocks by an average return on investment (ROI) of 12.24%, data from Finbold’s ROI tool indicates.
The cryptocurrency significantly outperformed Meta (NASDAQ: FB) by 46.74%, followed by electric vehicle manufacturer Tesla (NASDAQ: TSLA) at 18.37%. The asset outperformed Amazon (NASDAQ: AMZN) by 3.78%, followed by Alphabet (NASDAQ: GOOGL) at 1.84%.
Compared to Microsoft (NASDAQ: MSFT), Bitcoin ROI was 1.95% higher. Elsewhere, the number one ranked cryptocurrency ROI almost matched Apple (NASDAQ: AAPL), surpassing the stock by 0.76%.
Full story at Finbold.