Intraday Market Thoughts
Bitcoin Overtakes Tesla Market Cap
by
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

Latest IMTs
-
Next Key Levels
by Ashraf Laidi | Apr 6, 2026 13:54
-
Gold's 730 am Test
by Ashraf Laidi | Apr 2, 2026 22:10
-
10 Pct Limit
by Ashraf Laidi | Mar 31, 2026 14:23
-
Here is what Matters
by Ashraf Laidi | Mar 30, 2026 13:06
-
Using Gold Silver Ratio
by Ashraf Laidi | Mar 26, 2026 13:36




