With the cryptocurrency market renowned for its volatility, many traditional investors in stocks, bonds, and precious metals have steered clear of digital assets in 2022, especially in uncertain economic market conditions.

However, the price of one of the most traded companies in the stock market, electric vehicle (EV) maker Tesla (NASDAQ: TSLA), has fallen more than the value of the two largest cryptocurrencies by market capitalization in 2022, Bitcoin (BTC) and Ethereum (ETH).

Notably, Tom Dunleavy, senior research analyst at Messari Crypto, pointed out on December 28 how Tesla (-72%) is now down more than ETH (-68.28%) or BTC (-64.54%) year-to-date.

(by Jordan Major)