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
-
Updating GoldBugs Ratio
by Ashraf Laidi | Jul 12, 2026 23:55
-
4 out of 4 Success Model
by Ashraf Laidi | Jul 10, 2026 10:10
-
Gold & Rate Hike Update
by Ashraf Laidi | Jul 6, 2026 18:48
-
Gold Never did 8
by Ashraf Laidi | Jun 25, 2026 20:05
-
Next Gold Move
by Ashraf Laidi | Jun 22, 2026 16:44






