For Financial Advisors, Bitcoin Is the Next Nasdaq

Today a better analogy is the elite members of the Nasdaq. At over $20 trillion of total market capitalization, this index (and its primary constituents) were the primary creator of wealth for stock investors in the decade that ended last year. The top seven companies in the index – Apple (AAPL), Microsoft (MSFT), Alphabet (Google) (GOOG), Amazon, Tesla (TSLA), Nvidia (NVDA), and Meta (Facebook) (FB) – accumulated approximately $11 trillion of total value, roughly $10 trillion (i.e., 90%) of which was generated in the last decade.

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