Tesla is the only tech stock that has outperformed Bitcoin over the past 5 years.

In recent years, Bitcoin (BTC) has been one of the best performing asset classes for both the traditional and crypto investment sectors. But the cryptocurrency’s price correction has hurt its position after a comeback by electric vehicle (EV) maker Tesla (NASDAQ: TSLA ).

In fact, Bitcoin has recorded a negative return (ROI) compared to Tesla at -5.86% over the past five years. Overall, the EV maker has outperformed major cryptocurrencies, gaining 24.23% and 7.53% year-to-date and year-to-date, respectively. According to data from Finbold’s Bitcoin ROI tool on July 29.

In addition, despite the decline in the value of Bitcoin, the cryptocurrency has generated superior returns compared to other high-tech companies over the past five years. For example, Bitcoin is 355.22% higher than Amazon (NASDAQ: AMZN ), 321.97% higher than Google, while the asset has returned 182.65% higher than Microsoft (NASDAQ: MSFT ). Bitcoin also boosted Apple (NASDAQ: AAPL ) by 166.76%.

Specifically, the Bitcoin ROI tool compares BTC’s return on investment to traditional assets. The percentage values ​​highlight how the investment in cryptocurrency outperforms other investments over a certain period of time.

Bitcoin Injects Tesla After Big Selloff

Tesla, in turn, is arguably the cryptocurrency’s rock in 2022, with its ability to emerge as the only mainstream asset to beat Bitcoin.

It’s worth noting that Bitcoin posted its worst quarterly gain in the second quarter at -56%, as the market experienced a massive selloff. The cryptocurrency has lost nearly 70% of its value from its all-time high of nearly $68,000 in November last year.

Elsewhere, Tesla emerged among the best-performing stocks, driven by factors such as the shift to electric vehicles as many jurisdictions push to cut carbon emissions.

The company’s major rally began as the pandemic hit the broader tech sector and continued to benefit from factors such as rising gas prices. For example, despite market conditions, Tesla’s Q2 revenue growth and The YOY change in 2022 was +42%..

Additionally, due to EV’s massive popularity, a recent study found that Tesla is Europe’s most Googled stock.

Interestingly, with Bitcoin able to act as a store price, Tesla invested in the asset during the 2021 bull market and eventually allowed customers to buy EVs using crypto before reversing the decision citing BTC’s carbon footprint.

However, the company disclosed that it sold $936 million worth of Bitcoin, or 75% of its assets, during the second quarter.

The superiority of Bitcoin over traditional assets

Overall, Bitcoin’s high returns highlight the cryptocurrency’s ability to deliver rapid returns compared to most traditional asset classes. In particular, even if stocks have been around for decades, the returns have remained high.

It’s worth noting that Bitcoin has shown a strong correlation with the stock market in recent months amid high inflation and rising interest rates. However, the volatility has affected both Bitcoin and traditional assets equally.

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