NVDA - Nvidia's Rise As Most Valuable Global Company Used By Peter Schiff To Diss Top Crypto's Utility: 'Bitcoin Needs Gold. Gold Does Not Need Bitcoin' | Benzinga
Peter Schiff, a well-known economist and Bitcoin (CRYPTO: BTC) critic, recently expressed his views on the King Crypto in the context of AI giant Nvidia’s blockbuster run at the stock markets.
What Happened: On Tuesday, Schiff took to X, formerly Twitter to share his thoughts on the rise of Nvidia and its implications for Bitcoin. He pointed out that Nvidia, now the world’s most valuable company with a market cap of $3.34 trillion, contains a small amount of gold in each Graphic Processing Unit while containing no Bitcoin.
#Nvidia is now the world's most valuable company, with a market cap of $3.34 trillion, exceeding the GDP of all but 5 countries. Soon only the ...