Bitcoin Surges 20,260% Over Decade, Outpacing Dogecoin's Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4d ago
0mins
Source: Fool
- Bitcoin's Stellar Performance: As of January 8, Bitcoin's price has surged 20,260% over the past decade, significantly outperforming the stock market, highlighting its strong appeal and investment potential as a digital asset.
- Dogecoin's Incredible Returns: Since early January 2016, Dogecoin's price skyrocketed 81,110%, turning a $10,000 investment into $8.1 million, although its recent price of $0.14 is about 80% below its peak in May 2021.
- Developer Count Comparison: Bitcoin boasts 833 full-time developers compared to Dogecoin's 21, indicating a clear advantage for Bitcoin in terms of technical support and future growth potential.
- Market Recognition Disparity: With a market cap of $1.8 trillion, Bitcoin is 76 times larger than Dogecoin, underscoring its dominant position in the cryptocurrency market and deeper liquidity, which is expected to continue to outpace Dogecoin over the next decade.
Analyst Views on MSTR
Wall Street analysts forecast MSTR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MSTR is 493.58 USD with a low forecast of 229.00 USD and a high forecast of 705.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
12 Buy
2 Hold
0 Sell
Strong Buy
Current: 172.990
Low
229.00
Averages
493.58
High
705.00
Current: 172.990
Low
229.00
Averages
493.58
High
705.00
About MSTR
Strategy Inc., formerly MicroStrategy Incorporated, is a bitcoin treasury and business intelligence company. The Company provides cloud-native, artificial intelligence (AI)-powered enterprise analytics software to thousands of global customers. The Company’s Strategy ONE platform provides access to AI-powered workflows, unlimited data sources, cloud-native technologies, and performance to speed up time from data to action. Strategy One delivers visualization, reporting, and embedded analytics capabilities across retail, banking, technology, manufacturing, insurance, consulting, healthcare, telecommunications, and the public sector. Its Strategy Mosaic is a universal intelligence layer that provides enterprises with consistent definitions and governance across data sources, regardless of where that data resides or which tools access it. The Strategy Mosaic offers data clarity and connection by eliminating trade-offs between flexibility, control, and speed.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
