Check out three stocks that surpassed the BTC appreciation in 20212 min read
Few investments in the world have offered a 60% return over a year. This was the performance of BTC, whose valuation obliterated most other applications. In Brazil, for example, only the cryptocurrency surpassed the official inflation index (IPCA).
In other words, those who invested in BTC guaranteed a real gain in purchasing power last year. But some US stocks delivered returns above this level. Three of them were highlighted: Alphabet (GOOGL), Nvidia (NVDA) and the controversy GameStop (GME).
Check now the performance of the trio of stocks, according to TradingView data collected by Cryptheory. The numbers take into account the period between January 1 and December 31, 2021.
Google Towards $2 Trillion
Alphabet is the holding company that controls the giant Google. As its main product grew, the holding company saw its shares drop from $1,731 on Jan. 1 to $2,906 at the end of the year. The valuation of the shares was 68% in this period.
As a result, Alphabet is now the third most valuable public company in the world, with $1.9 trillion in market value.
Nvidia grew up with cryptocurrencies
The graphics card manufacturer owes part of its significant appreciation in 2021 to the cryptocurrency market. With increasing demand for mining equipment, Nvidia’s slabs experienced a price spike.
To prevent an inflation of the plates, Nvidia even installed blockers that prevented the use of mining equipment. However, this did not prevent the use of slabs for mining, which positively impacted the company’s profits.
As such, Nvidia’s share price, which opened in 2021 at $134.06, ended the year at $303.04 – a 125% gain. The company is worth about $750 billion on the stock market.
GameStop: action-meme that took the market
GameStop is a chain of video game stores that were destined for bankruptcy. However, their actions were the target of an intense buying campaign that began in an unpretentious way. But the strength of small investors made the shares appreciate no less than 687% in 2021.
Priced at US$16 on January 1st, GameStop even surpassed US$300 at the height of this movement. However, the stock ended the year at US$153.39, which is still an excellent level. The strength of small investors even brought down a large fund that operated short in the company.
The effect of GameStop started the cryptocurrency-meme fever, especially Dogecoin (DOGE) and Shiba Inu (SHIB), whose prices also rose sharply in 2021.
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