This was the only investment that exceeded Bitcoin's profitability in January 2020.
Elon Musk, creator of innovative companies such as Tesla and SpaceX, has a lot to celebrate this weekend. After all, he is the only person on the planet who can bump his chest and say, "I control the only investment that has exceeded Bitcoin's profitability this year."
The finding can be seen by analyzing numbers of the Chicago Board and Option Exchange (Cboe) and published by market analyst Mati Greenspan on his Twitter. The graph shows that Tesla (TSLA) shares have appreciated significantly at 38% since January 1, compared to 30% in cryptography.
Although Bitcoin has benefited from geopolitical pressures between the US. UU. And Iran and the coronavirus outbreak in China, its yields have not yet exceeded those of Tesla. "Apparently, (Bitcoin) is not the best performing asset this year," Greenspan summed up.
Losses followed, record of appreciation
Musk's electric car maker became the star of the stock exchanges this month, defying the macro pressures and expectations of many investors who saw Tesla's business model as "unsustainable." On Wednesday, January 29, Tesla shares reached $ 589.00, the highest value in its history.
The most impressive fact is that Tesla is part of a category of nonprofit companies, a group that also includes Uber, Netflix and other companies. According to the Macrotrends website, since 2010 Tesla has accumulated successive losses in its operations, basically depending on the issuance of shares and debt securities to remain operational.
Even so, the company's shares have increased by almost 1200% since Tesla was made public in Nasdaq, the United States technology exchange, in 2010.
However, in the long term, Bitcoin far exceeds Elon Musk's company, with an appreciation of more than 4,000% in the last five years.
Despite not investing directly in Bitcoin or other cryptocurrencies, Musk has already proven himself a big fan of them and also the creator of Bitcoin, Satoshi Nakamoto. Musk said in a recent podcast that he saw "cryptocurrency as an effective substitute for money."
