Here are some quotes from prominent investors explaining why they have sold NVIDIA stock to buy Bitcoin:

1. David Shaw and Steven Cohen have shifted investments from NVIDIA to Bitcoin, citing Bitcoin’s unique properties as a decentralized and finite asset. According to a report, they view Bitcoin as a better hedge against inflation and currency devaluation, risks that NVIDIA, as a tech stock, cannot address. They see Bitcoin as a “digital gold” and a potential long-term store of value, especially appealing in a volatile economic climate .

2. Billionaire Michael Saylor of MicroStrategy is well-known for his support of Bitcoin, describing it as a more compelling long-term asset compared to tech stocks like NVIDIA. He argues that while companies like NVIDIA face market competition and potential saturation, Bitcoin offers unparalleled scarcity and resilience. He believes this gives Bitcoin a “massive long-term potential” that makes it an ideal asset for those seeking a high-risk, high-reward profile in their investment portfolio .

3. According to investment analysts, some high-profile investors view the current AI-driven rally in NVIDIA’s valuation as potentially overextended. They believe that Bitcoin’s fixed supply and decentralization offer a different type of investment upside, with one analyst noting, “Bitcoin’s future growth prospects outweigh the short-term gains offered by NVIDIA,” especially as Bitcoin becomes more accessible through products like ETFs  .

These perspectives highlight the view that while NVIDIA’s stock benefits from AI and tech market dynamics, Bitcoin’s qualities as a scarce, decentralized asset offer distinct long-term advantages in diversifying investment portfolios.