Bitcoin Continues to Outperform Tesla Stock: A Trend That's Here to Stay

IconCrypto News Terminal23 Apr, 2024

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Bitcoin Continues to Outperform Tesla Stock: A Trend That's Here to Stay

### Bitcoin's Dominance In the past five years, Bitcoin has outperformed Tesla stock, demonstrating a significant rise in value. Bitcoin's price has increased by a remarkable 1,180%, while Tesla's stock has only grown by 806%. Notably, in the past year, Bitcoin gained 139% while Tesla's stock declined by over 11%. Year-to-date, Bitcoin has surged by 49%, while Tesla has suffered a decline of 42%. ### Impact of Bitcoin Spot ETF Experts believe that the introduction of the Bitcoin spot ETF has played a crucial role in establishing Bitcoin as a reputable asset class. Andre Stoychev, head of prime brokerage at Nexo, stated, "The role of the Bitcoin spot ETF in establishing BTC as an asset class has been immense." Previously on [date], [one liner summary of previous news].

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