摘要： We select Tesla and Bitcoin to compare the ROI of the stock market and the crypto market.
The reasons why we just select Bitcoin to observe are as depicted below: Bitcoin dominance is over 60%; SEC has charged a few mainstream cryptos like Ripple XRP while bitcoin has no policy risks; There are scams and fraud in the whole crypto market. By comparing Bitcoin and Tesla, we can conclude:
(1) Now that Bitcoin's price is around $28,000 with a market cap of around $520 billion while the market cap of Tesla shares closed at $660 on a lasting trading day and the market cap is $627.29 billion before Christmas. (2) Tesla stock reached $70.10 of this year's low on March 20 while Bitcoin reached $3,800 of one-year low on March 13. (3) Federal Reserve announced unlimited QE and rescue efforts; both Bitcoin and Tesla started a bull run. Bitcoin reached around $12,470 of a one-year high on Aug 17, while Tesla stock reached a new high at $502.49 on Sept 1. Both Nasdaq and S&P 500 reached a new high on Sept 2. and the Dow Jones on Sept 3. There was a 616.8% gain for Tesla and a 228.2% gain for Bitcoin. Ethereum (ETH) had a 470% gain, performing better than Bitcoin, but Tesla outperformed both Bitcoin and Ethereum. (4) Since Sept 3 we saw the corrections of 3 Major US Indexes as well as the crypto market. On Sept 4, Bitcoin reached as low as $9,824 and Tesla reached 329.88 on Sept 8. (5) Then the US presidential election was one of the significant factors that influenced the financial market. Since Biden won the election, the Biden era is coming and will be different in terms of both monetary and legal policies. Another major driving factor is that institutional investors are investing in Bitcoin and emerging crypto funds like Grayscale is getting crazy about buying Bitcoin.
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