Clash

Bitcoin

Elon Musk

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/tesla-and-bitcoin-performance-clash-in-stock-markets/" data-wpel-link="internal">Tesla and Bitcoin Performance Clash in Stock Markets</a><br></p>
<p style="text-align: justify">As the hours progress, the U.S. stock markets will close and the <strong>Tesla earnings report</strong> will be announced. This week’s main agenda includes earnings reports. We will also see today whether Tesla has sold any <strong><a href="https://coin-turk.com/bill-gatesden-bitcoin-btc-yorumu-yatirim-yapilmali-mi" data-wpel-link="internal">BTC</a></strong>. Moreover, in the coming days, giants like Microsoft will also release their earnings reports, which is expected to cause a period of volatility affecting the crypto pairs in the stock markets.</p> 
<h2 style="text-align: justify" id="tesla-and-bitcoin">Tesla and Bitcoin</h2> 
<p style="text-align: justify">According to TradingView data, for the first time in the last five years, <a href="https://en.coin-turk.com/renowned-crypto-analyst-altcoin-sherpa-predicts-sharp-fall-in-solana-and-bitcoin/" data-wpel-link="internal">BTC</a> price performance has surpassed Tesla shares. Over a five-year period, the <strong>BTC price</strong> has risen over 1,180% while Tesla’s long-term gain rate remained at 806%.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-343750 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/BTC-vs-Tesla.png" alt="" width="1261" height="684"></p> 
<p style="text-align: justify">In the last 12 months, BTC price increased by 139% while Tesla dropped by 11%. In the first four months of 2024, the gain rates are 49% to 42% in favor of <a href="https://en.coin-turk.com/bitcoin-surpasses-45000-mark-optimism-grows-among-investors/" data-wpel-link="internal">Bitcoin</a>. We are experiencing a good year in 2024, and BTC has significantly risen in the rankings with a larger market value than Meta Platforms, Berkshire Hathaway, Visa, or JPMorgan Chase. BTC is now the world’s ninth most valuable asset, while Tesla has fallen to 21st place. Moreover, today’s announcement of over two thousand layoffs is also negative.</p> 
<h2 style="text-align: justify" id="tesla-s-bitcoins">Tesla’s Bitcoins</h2> 
<p style="text-align: justify">Tesla sold 10% of its BTC holdings in March 2021 and 75% in the second quarter of 2022. If Elon Musk had not succumbed to FUD and sold, he would have reached unrealized gains of over $1.27 billion today after enduring serious losses. However, the billionaire shifted to selling before the bear markets, using miners’ environmental damage as an excuse, and did not make expected purchases at the market bottom in November, thus missing out on potential gains for now. Moreover, he shows no interest in buying new assets despite not selling the existing ones.</p> 
<p style="text-align: justify">Indeed, the latest details from the board suggest that Musk’s decision to sell was arbitrary. According to Arkham Intelligence, Tesla currently holds 11,509 BTC through <a href="https://en.coin-turk.com/bithumb-announces-listing-of-excela-waxl-and-yield-guild-games-ygg/" data-wpel-link="internal">Coinbase</a> Prime Custody.</p> 
<p style="text-align: justify">After the U.S. market closes, we will see in the upcoming earnings report if there was a surprise purchase. For now, Arkham data already shows that no sale has been made. What is really important is whether new purchases have been made through new wallets not connected to these addresses.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/tesla-and-bitcoin-performance-clash-in-stock-markets/" data-wpel-link="internal">Tesla and Bitcoin Performance Clash in Stock Markets</a></h5>

Tesla and Bitcoin Performance Clash in Stock Markets

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