Bitcoin (BTC) has been one of the best-performing asset classes for both conventional and crypto investing sectors in recent years. However, the cryptocurrency’s price fall has weakened its position after being surpassed in terms of returns by electric vehicle (EV) manufacturer Tesla.
Bitcoin’s Return on Investment (ROI) has been negative for the last five years compared to Tesla’s -5.86 percent. Overall, the EV maker has outpaced the leading cryptocurrency over the last year and this year with increases of 24.23 percent and 7.53 percent, respectively, according to data obtained on July 29 from Finbold’s Bitcoin ROI tool.
Moreover, despite Bitcoin’s decline in value, the cryptocurrency has maintained higher returns over the last five years compared to other leading technology businesses. Bitcoin has 355.22 percent more returns than Amazon, 321.97 percent more than Google, and 186.6 percent greater returns than Microsoft. Moreover, Bitcoin has outperformed Apple by 166.76 percent.
Notably, the Bitcoin ROI tool compares the return on investment of Bitcoin to that of conventional assets. The percentage numbers illustrate how an investment in cryptocurrency beats other types of financial assistance over a specific time frame.