Key Points
- Bitcoin’s price has surpassed Tesla’s stock gains over the past five years, with a rise of over 1,180%.
- Tesla missed a potential $1.27 billion profit after selling a significant portion of its Bitcoin holdings in 2022.
Bitcoin Triumphs Over Tesla
Over the past five years, the price of Bitcoin (BTC) has significantly outpaced the stock of electric vehicle manufacturer Tesla.
The data from TradingView reveals that Bitcoin’s price has surged over 1,180%, while Tesla’s stock has grown by over 806%.
Bitcoin’s Performance in Shorter Time Frames
When examining shorter time periods, Bitcoin’s returns have also surpassed Tesla’s.
Over the past year, Bitcoin has seen a 139% increase, while Tesla’s stock has fallen by over 11%.
Year-to-date, Bitcoin has risen by 49%, while Tesla’s stock price has decreased by 42%.
With such an impressive performance, Bitcoin now ranks as the world’s ninth-largest asset, boasting a market capitalization of $1.3 trillion.
In contrast, Tesla ranks as the world’s 21st largest asset, with a market capitalization of $455 billion.
In February 2021, Tesla was one of the first publicly traded companies to invest in Bitcoin, purchasing over $1.5 billion worth of the cryptocurrency.
However, the company sold around 10% of its holdings in March 2021 and approximately 75% of its Bitcoin reserves in the second quarter of 2022.
Had Tesla not sold its Bitcoin, it could have profited by over $1.27 billion, an increase of over 84% on its initial investment.
Tesla currently holds 11,509 BTC, valued at over $766 million, with Coinbase Prime Custody.
Bitcoin ETFs Driving BTC Success
The approval of ten United States spot Bitcoin exchange-traded funds (ETFs) has been a major factor in Bitcoin’s 60% price increase this year.
These Bitcoin ETFs have collectively accumulated over 835,000 BTC in on-chain holdings, valued at over $55.1 billion.