As a Tech Giant Palantir (PLTR), Bitcoin hits the new top point.

Palantir Technologies (PLTR), a North American company that specializes in data analysis, made a headline after the stock surged to $ 109.60 on February 6. Bitcoin (BTC) price for the same period.

Investors are now questioning whether technology companies will surpass Bitcoin and whether the factors that lead optimistic momentum in Palantir’s stocks remain.

Founded in 2003, Palantir has a strong relationship with government agencies, especially the US Department of Defense and the Central Intelligence Agency. Palantir’s commercial products focus on optimizing supply chain logistics and operating plans.

The co -founder of Palantir is at least two Palantir co -founders are vocal Bitcoin supporters.

Founded by entrepreneur and investor Peter Thiel, Palantir was funded through Founders Fund, a venture capital company. Thiel is also famous for being the first external investor of META, Paypal and the Public Bitcoin Advocate at the end of 2017. In CNBC interviews, Thiel insisted that the public underestimated Bitcoin’s potential as a digital store. Value.

Another co -founder of Palantir, Joe Lonsdale said in January 2024 that cryptocurrencies such as Bitcoin and Ether (ETH) are likely to be used for artificial intelligence agents for financial transactions. LONSDALE also stated in a CNBC interview that “crypto can do well as a hedge to inflation.”

Palantir’s recent success is due to the growth of the AI ​​platform, 4Q sales rose 36% compared to 2023, and the number announced on February 3 showed 45% operating margins, and cash and equivalence were 5.2 billion Increased in dollars. Palantir shares have risen 36% since January 29, accounting for $ 245 billion market cap.

Investors exposed to AI sectors can see the opportunity because Palantir receives a significant discount compared to the $ 3.1 trillion market value of Microsoft and a $ 2.3 trillion in Google. But Palantir’s four -quarter EBITDA reached $ 380 million, which is almost the same as the sales of the day of Google’s parent Alphabet. 98.8% low.

Palantir evaluation maintains a strong relationship with Bitcoin.

The connection between Bitcoin and Palantir may seem remotely, but it is difficult to claim that the company provides a real utility or dividend potential if it is 162 times higher than interest, tax, depreciation and depreciation and depreciation (EBITDA). In fact, most of the values ​​of Palantir are based on guess.

For comparison, Google is traded with 19.5x ebitda drainage and Microsoft is traded with 21.5 times multiples. This gap can be justified if the market expects Palantir’s technology to increase eight times over the next few years. But traders are likely to react to powerful import momentum and enter the FOMO territory as a Palantir stock.

Investors often have short -term memories. Palantir stocks fell from $ 26.80 to $ 7 in early 2022, which exceeded Bitcoin’s losses for the same period, but many traders consider the risk of cryptocurrency market. More than recent data, Bitcoin’s 60 -day volatility is 44%, while Palantir’s volatility is 86%, so daily price fluctuations are low for cryptocurrency.

relevant: The US Bitcoin reserves and sovereignty funds were explained.

Palantir’s evaluation is that Palantir’s evaluation, regardless of whether Bitcoin should be evaluated as a lack of payment and data processing function, is the stock market because the investor treats the stock market as a value repository, and the drainage is much higher than the general range. It shows that it is treated as a value repository. Technology division.

Ultimately, both assets compete with the same investment capital, but only the time can be seen whether the price of Palantir reaches 12.8%of Bitcoin’s 1.92 trillion market cap.

This article is for general information purposes and should not be considered legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.