The crypto sector remains deeply out of favor, not only from a price perspective, but also in terms of investor sentiment.

Capital flows and market attention have increasingly shifted toward other high-growth sectors, lately semiconductors and memory-related equities, which have effectively replaced crypto as the market’s dominant momentum trade.

This analysis compares the performance cycles of bitcoin, the world’s largest cryptocurrency by market cap; gold, the largest precious metal; NVIDIA (NVDA), the leading AI-driven equity; and memory and semiconductor names, including SanDisk (SNDK) and Micron Technology (MU).

Bitcoin experienced a huge rally from its November 2022 low through its October 2025 peak, surging more than 650% from…