• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Bet & win BTC
Breaking News: Ecommerce Giant Amazon To Launch NFT Initiative
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Bet & win BTC
Bitcoinist.com
No Result
View All Result
Breaking News: Ecommerce Giant Amazon To Launch NFT Initiative
TSLA stock tesla bitcoin
Advertisement

Bitcoin Beating Tesla Stock (TSLA) by 52% So Far in 2019

Osato Avan-Nomayo by Osato Avan-Nomayo
4 years ago
in Markets and Prices, Bitcoin, Bitcoin Price, Companies, News, News teaser
0
Advertisement

Comparing the performance of Bitcoin (BTC) and Tesla stock against the U.S. dollar (USD) shows BTC outperforming TSLA since the start of the year by an impressive margin.


Bitcoin Outstrips Tesla by 52 Percent

Looking at the YTD price figures for Bitcoin and TSLA, BTC has outperformed Tesla stock by more than 50 percent. Bitcoin is up 30 percent since the start of the year while TSLA’s continued slide sees its stock price drop 14.9 percent within the same period.

Get 30 FREE SPINS at Punt Casino - NO DEPOSIT REQUIRED! Start Playing Now.

Bitcoin price has been on a hot streak, recording six consecutive weekly price gains while Tesla has been plummeting for close to three months. Analysts believe slide in the company’s share price is due to poor delivery figures from its Model 3 cars.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Commenting on the issue to CNBC, David Tamberrino of Goldman Sachs said:

Altogether, we think the delivery results will put pressure on TSLA’s shares, and corroborates our belief that volume expectations for the company’s products in 2019 are too high with consumer demand likely lower as subsidies phase out in the US.

Analysts from Morgan Stanley, Goldman Sachs, and JPMorgan to name a few are lowering their price targets for TSLA on account of its recent performance. Bitcoin, meanwhile, continues to maintain the $5,000 price mark despite a slight pullback on Thursday (April 4, 2019).

tesla

Bitcoin Continues to Deliver Better Returns

Despite the usual rhetoric of critics who debunk the haven asset status of Bitcoin, the top-ranked cryptocurrency continues to outperform the mainstream market. Back in February, Bitcoinist reported that investors with one percent of their portfolio in BTC enjoyed greater returns than the S&P 500, gold, and U.S. Treasury bonds.

While the likes of JPMorgan will say BTC only has value in a dystopian economy, Bitcoin has outperformed the DOW, NASDAQ, and S&P 500 almost every year over the last decade. Not even Warren Buffet’s Berkshire Hathaway has managed such a feat, notwithstanding BTC’s multiple 85 percent price drops within the last 10 years.

Bitcoin remains uncorrelated to the stock market, making a suitable hedge against uncertainties in the mainstream arena. Sentiments aside, sticking to cold hard numbers show BTC is more than hype.

Of the FAANG tech stocks, only Netflix (NFLX) at 37 percent has outperformed Bitcoin since the start of 2019.

Does Bitcoin belong in every investors portfolio considering its performance over the past 10 years? Share your thoughts below!


Images via Tradingview, Shutterstock

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Osato Avan-Nomayo

Osato Avan-Nomayo

When I am not knee-deep in cryptocurrency-related news, I am either attempting to beat my scrabble high score or internally debating an existential dilemma.

Related Posts

Institutional Bitcoin Buying Is a Positive Sign, Suggests Matrixport

Institutional Bitcoin Buying Is A Positive Sign, Suggests Matrixport

2 hours ago
Bitcoin BTC

Inflation May Be In A Lull, What Does That Mean For Bitcoin?

16 hours ago
Bitcoin Lightning Network POS Clover

Major Adoption News For Bitcoin: POS Giant Clover Starts Lightning Trial

1 day ago
bitcoin S&p 500

Why The S&P 500 Could Help Send Bitcoin Soaring Higher

2 days ago
Bitcoin

These Metrics Hint At Massive Bitcoin ‘Buying Opportunity’, Says Analyst

2 days ago
Bitcoin Whale

Bitcoin Exchange Whale Ratio Surges, What Does It Mean?

2 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Top Casinos

BitStarz
BitStarz
Punt Casino
Punt Casino
mBit
mBit
Metaspins
Metaspins
1xBit
1xBit
Coinplay
Coinplay
K8
K8
Vegas Casino
Vegas Casino

Sportbooks

Coinplay
Coinplay

Press Releases

  • Altcoins For Massive Gains In 2023: Hedera (HBAR)...

    52 mins ago
  • Bitcoin Cash (BCH) to become legal tender of St. Kitts and...

    1 hour ago
  • Axie Infinity (AXS) Is Down 11.5% and Shiba Inu (SHIB) is...

    2 hours ago
  • Aptos (APT) and Avalanche (AVAX) Are Among The Top Losing...

    2 hours ago
  • Orbeon Protocol (ORBN) Surges, While Litecoin (LTC) and...

    2 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Bet & win BTC

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.