Strategy Outshines Nvidia as Best Bet for 10x Growth
The stock market has been captivated by Nvidia's (NASDAQ: NVDA) success, with its share price skyrocketing to nearly $5.5 trillion in market capitalization, making it the world's most valuable business.
However, some investors believe that Strategy (formerly MicroStrategy), which owns $54 billion worth of Bitcoin and has a stock price cut in half this year, has a better shot at rising 10x in the coming decade.
This is because Strategy is a levered bet on Bitcoin's price recovery, with history suggesting that the cryptocurrency will eventually rebound after its current bear market.
While Nvidia's dominance in the data center build-out and its impressive financial performance make it an attractive investment, its valuation is already high, with a forward price-to-earnings ratio of 25.6.