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Bitcoin Overtakes Tesla Market Cap

by Ashraf Laidi
Nov 9, 2023 11:56

"OK Ashraf we understand why you compare Bitcoin to Gold as you explained here, but why are you comparing a finited digital asset to a publicly traded company involved in so many different sectors?" . Well, Tesla combines two powerful trends: Electric cars, electric batteries and AI data/capabilities. The chart below shows the previous occasions when BTC mkt cap crossed above Tesla's to follow-through vs others when it failed. See and think for yourself.  Btw, that BTC/gold ratio is now at 19. 

Click To Enlarge
Bitcoin Overtakes Tesla Market Cap - Bitcoin Market Cap Vs Tesla Nov 9 2023 (Chart 1)

 
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