Tesla shares now look the same as Bitcoins, at $ 20,000 in 2017.
Tesla shares now look the same as Bitcoins, at $ 20,000 in 2017.
Bitcoin (BTC) peaked at $ 20,000 before retiring in December 2017, but other stocks repeat their trips at about the same rate. According to market data compiled by cryptocurrency venture capitalist Mike Novogratz on February 3, Tesla shares ($ TSLA) are currently mimicking bitcoins since 2017.
$TSLA reaches record levels
If BTC / USD is higher than Tesla shares in 2019 this year, the level of correlation between the two assets will be immediately clear. Since Tesla achieved its current growth of $ 780, bitcoin has taken almost as much as it has grown from almost $ 1,000 to $ 20,000.
source:Mike Novogratz/ Twitter
"WOW," Novogratz summarized, while attention continued to focus on Tesla's rapid gains this year.
As reported by Cointelegraph, the company succeeded in surpassing the impressive 35% of Bitcoin profits in January and reaching 40% in an unprecedented wave of enthusiasm.
“At current prices, Tesla is practically no different from Bitcoin, which peaked in 2017.”
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