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Average Bitcoin ROI, During the Past 30 Days, Surpasses that of World’s Top 6 Tech Giants




During the last 30-day period, Bitcoin’s average return on investment, supersedes that of 6 top tech stocks.

Bitcoin’s ROI Surpasses that of Tech Giants

As per the analysis, Bitcoin’s average ROI (return on investment) in the past 30-days, is greater than world’s top 6 tech stocks, including Meta, Tesla, Amazon, Alphabet, Microsoft and Apple.

Bitcoin’s average ROI (return on investment) is 12.24%, during the last 30-days. It surpassed Meta, previously named Facebook, by a significant 46.74%. Elon Musk’s Tesla stood 18.37% behind. Bitcoin’s ROI beat online retail store Amazon and Google parent Alphabet, by 3.78% and 1.84% respectively. Whereas electronics and software companies Microsoft and Apple also fall behind Bitcoin, by 1.95% and 0.76%.

Trading at a moment at $42k, the Bitcoin is recently labelled ‘overvalued’ by JP Morgan. According to the world’s largest investment bank, the real value of Bitcoin is $38k.

Bitcoin’s Price and Increasing Hashrate

Bitcoin’s RSI (Relative Strength Index) is 39 at the current price level , which indicates a potential move towards $48k. RSI is a index that projects whether the coin is overbought or oversold. To be in a bullish trajectory the coin must be between 30 (oversold) and 70 (overbought).

Recently, the premier cryptocurrency, for a couple of days, traded above $45k as it made a successful recovery from the low of $33k. Including many other factors, the hashrate was one in particular. As, according to YCharts, the hashrate reached an all time high of 248.11 million terahashes per second (TH/s), on February 12.

Bitcoin hashrate has increased by over 50% in the past year. As of last July, miners based in the U.S. accounted for 35.4% of the hashrate on the network.

Gracie Perez is a part of RippleCoinNews team since we started. she holds a degree in Computer Sciences. From 2017, She has pivoted her career towards blockchain technology, with principal interest in writing Cryptocurrency news and different guides. She is also working with different online media outlets.

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