We select Tesla and bitcoin compare the ROI of the stock market and the crypto market. The reasons why we just select bitcoin to observe are as 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 the bitcoin 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 mark cap is $627.29 billion before Charismas.
(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 1-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….