$ 1,229.38 7.10%
$ 42.28 10.41%
$ 0.068403 5.11%
$ 4.62 5.47%
$ 21,434.00 2.98%
$ 239.21 3.14%

Bitcoin and Tesla fast emerging as best assets of the decade

Bitcoin and Tesla fast emerging as best assets of the decade

Bitcoin and Tesla are fast emerging as the best investments of the decade. In the past year, Bitcoin zoomed past its peers despite the crypto slowdown. The BTC investment sphere is abuzz with stark comparisons to conventional assets.

Now, both Bitcoin and Tesla are being viewed in the same prism. In the last two months, BTC has risen around thirty percent, and repeatedly touched the crucial $10,000 mark. Still, the gains fall far short of the spectacular performance delivered by Tesla. The electric carmaker’s shares have breached the $900 mark to touch new highs. The relentless rise has surprised the industry analysts who are shocked to see the price increase from $418 in December to the current $900 levels.

Bitcoin and Tesla are delivering more value to the long-term investors

Both Bitcoin and Tesla have seen their respective ups and downs. Analysts have predicted their doomsday scenario many times. Still, they have risen from the ashes only to be recognized as high-quality investment-worthy assets. Time and again, both assets have shown their resilience to market forces and provided true value to long-term investors.

Currently, Bitcoin is down 50 percent from its lifetime highs. However, the price targets have been revised upwards by crypto analysts. Similarly, Toni Sacconaghi has increased his target price for Tesla motors to double the previous values. He mentions that there are no negative factors that can drive the share price downwards. Toni adds that the consumer market for Tesla can rise 30 fold in the coming years as the company experiences a sustainable growth curve. The carmaker is at the forefront of the electric vehicle revolution that promises eco-friendly transportation.

Where do Bitcoin and Tesla stand today?

Despite the meteoric rise, Bernstein does not recommend a buy on Tesla stock right now. There will be better price levels for collecting Tesla. However, the same cannot be said for Bitcoin. BTC gains have been slow but steady – a sign of a matured asset. Investors can still buy BTC and start collecting at lower levels.

The upcoming halving event is another booster event that separates the two assets. It can fuel a BTC rally that can see it surpass Tesla’s euphoric market. The price can rise substantially compared to the Tesla stock. Still, it is safe to say that Bitcoin and Tesla are miles ahead of conventional investments.

Featured Image by Pixabay

Gurpreet Thind

Gurpreet Thind

Gurpreet Thind is pursuing Masters in Electrical Engineering at University of Ottawa. His scholarly interests include IT, computer languages and cryptocurrencies. With a special interest in blockchain powered architectures, he seeks to explore the societal impact of digital currencies as finance of the future. He is passionate about learning new languages, cultures and social media.

Related News

Hot Stories

Crypto News Alert – A New Meme Coin That Will Process 50,000 Transactions Per Second
Cryptocurrency Investments To Make in a Bearish Market - Shiba Inu (SHIB), Dogecoin (DOGE), and RoboApe (RBA)
ISO 20022 compliant crypto-list
Shiba Inu price analysis: SHIB expected to stay bullish for the next 24 hours
Monero Price Prediction 2022-2031: Is XMR Price Going Higher?

Follow Us

Industry News

Margin calls and bot liquidations add chaos to crypto as its market cap hits $964b
Bitpanda lays off workers amid the market decline
Coinbase to launch Nano BTC features aimed at retail traders on June 27
Namibian University will offer master's degree in blockchain technology soon
Uphold announces restriction of Venezuelan users