Binance Founder Acknowledges Tesla's Strong Performance in Crypto Comparison
On Sept. 7, Binance founder Changpeng “CZ” Zhao responded to a chart comparing the long-term performance of BNB with Elon Musk’s Tesla stock by stating that 'TSLA is not easy to beat.' The comparison showed BNB outperforming Tesla in most yearly snapshots since its launch in July 2017. As of Sept. 7, BNB was trading around $746, giving it a market capitalization of about $99.2 billion and ranking as the fourth-largest cryptocurrency. The chart measured how many Tesla shares one BNB token could theoretically buy based on their prices over time. The ratio reached approximately 2.10 when posted, meaning one BNB was worth just over twice the price of a Tesla share. Zhao’s response highlights the challenge posed by Tesla's long-term performance as an investment benchmark. Tesla remains one of Wall Street’s biggest wealth creators with a market cap of roughly $1.4 trillion and continues to hold Bitcoin on its balance sheet, valued at around $914 million.
Tickers: $TSLA
Topics: Binance BNB crypto performance CZ Zhao Tesla (TSLA)