United

Prime

Bitcoin

Time

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Bitcoin’s price has surpassed Tesla’s stock gains over the past five years, with a rise of over 1,180%.</li>
 <li>Tesla missed a potential $1.27 billion profit after selling a significant portion of its Bitcoin holdings in 2022.</li>
</ul>
<h2 id="bitcoin-triumphs-over-tesla">Bitcoin Triumphs Over Tesla</h2>
<p>Over the past five years, the price of <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> has significantly outpaced the stock of electric vehicle manufacturer Tesla.</p>
<p>The data from TradingView reveals that Bitcoin’s price has surged over 1,180%, while Tesla’s stock has grown by over 806%.</p>
<h2 id="bitcoin-s-performance-in-shorter-time-frames">Bitcoin’s Performance in Shorter Time Frames</h2>
<p>When examining shorter time periods, Bitcoin’s returns have also surpassed Tesla’s.</p>
<p>Over the past year, Bitcoin has seen a 139% increase, while Tesla’s stock has fallen by over 11%.</p>
<p>Year-to-date, Bitcoin has risen by 49%, while Tesla’s stock price has decreased by 42%.</p>
<p>With such an impressive performance, Bitcoin now ranks as the world’s ninth-largest asset, boasting a market capitalization of $1.3 trillion.</p>
<p>In contrast, Tesla ranks as the world’s 21st largest asset, with a market capitalization of $455 billion.</p>
<p>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.</p>
<p>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.</p>
<p>Had Tesla not sold its Bitcoin, it could have profited by over $1.27 billion, an increase of over 84% on its initial investment.</p>
<p>Tesla currently holds 11,509 BTC, valued at over $766 million, with <a href="https://crypto.ro/en/exchange/gdax/" rel="noopener noreferrer nofollow">Coinbase</a> Prime Custody.</p>
<h2 id="bitcoin-etfs-driving-btc-success">Bitcoin ETFs Driving BTC Success</h2>
<p>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.</p>
<p>These Bitcoin ETFs have collectively accumulated over 835,000 BTC in on-chain holdings, valued at over $55.1 billion.</p>

Bitcoin Surpasses Tesla in Market Performance, First Time Since 2019

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