Bitcoin’s market capitalization has doubled that of Tesla, illustrating a remarkable moment that’s transpired faster than anyone could have expected. At the time of this writing:

Bitcoin market cap – $1.3 trillion
Tesla market cap – $625 billion

What I find most interesting about this comparison is the irony between Bitcoin and Tesla in terms of energy. One entity thrives on energy, while the other is steadfast in conserving or efficiently creating new ways to manage it.

Bitcoin, primarily a digital asset, attains its value and security through energy processes. Even if Bitcoin is stored on a cold wallet, at some point, that wallet must be connected to an energy source. Tesla, on the other hand, epitomizes innovation in energy efficiency, focusing on sustainable solutions and storage.

The ying and yang of energy.

I am wondering: can one exist without the other?

I am fan of both assets because I believe in builders, new tech, efficiency, and especially freedom. Both assets have the technology to enable more of all of this.

Lastly, while I have no serious conviction on which asset will outperform the other over the next 12 months, I do find it fascinating that Tesla does still hold over $500 million in Bitcoin.

I’ll revisit this post in a few months to see what’s transpired. I may even post another update soon if I take a position.