RATE Group | Bitcoin Has Outperformed Apple & other Tech Stocks Since Last January
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Bitcoin Has Outperformed Apple & other Tech Stocks Since Last January

16 Dec Bitcoin Has Outperformed Apple & other Tech Stocks Since Last January

Posted at 00:09h in Bitcoin News by

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bitcoin price apple alphabet google

In January of last year, the U.S. stock market went through one of the largest bull markets in recent history, with technology stocks like Alphabet and Apple achieving record high numbers.

Within the past two years, the stock price of Apple (AAPL) increased from $115 to $165, by 43.7 percent. Alphabet (GOOGL), the parent company of Google, saw its share price surge from $792 to $1,071, by 32.7 percent.

During the same period, the Bitcoin price increased from $1,000 to $3,155, by 215 percent, even after an 85 percent plunge in value.

Critics: Bitcoin Will go to Zero

bitcoin price google alphabet apple stock
BTC (blue) vs. Apple (red) and Alphabet (orange)

As the price of Bitcoin (BTC) dropped substantially against the U.S. dollar, outspoken critics against the digital currency have started to claim that Bitcoin will inevitably reach zero by losing all of its value.

However, such a claim disregards the abnormally strong rally of Bitcoin in the previous year during which its value increased by more than 1,850 percent…

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