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Bitcoin vs BP — digital scarce asset vs the troubled oil major. 10-year return differential framing.
| Metric | Bitcoin | BP | Δ |
|---|---|---|---|
| Bitcoin Market Cap | $1.56T | — | — |
| Bitcoin Price | $77.86K | — | — |
| Bitcoin 24h Change | -0.22% | — | — |
| Bitcoin FDV | $1.56T | — | +0.0% |
| Bitcoin ATH | $126.08K | — | — |
Crypto data live from Sharpe's tracker cache; TradFi values are reference benchmarks updated quarterly.
BP's market cap has ranged $90B-$130B in 2024-2026, smaller than Shell or Chevron after years of renewables-pivot underperformance and a leadership shuffle. Bitcoin's market cap ($1T-$2.5T) is 8-25x BP. The comparison is starker than against Shell or Chevron: BP is the 'troubled' supermajor, trading at depressed multiples as its renewables strategy has delivered sub-par returns. Bitcoin is the asset that has outperformed essentially all energy equities since 2015. The framing for allocators: in the past decade BP has produced ~0% nominal returns while Bitcoin has produced ~40% annualized. The long-run asset-class comparison favors BTC heavily — though with higher volatility and drawdowns. Correlation near zero.
Side-by-side crypto comparison with normalized returns
Rolling correlation between crypto and major TradFi benchmarks