RATE Group | Elon Musk and Tesla Are Seriously Outperforming Bitcoin
77954
post-template-default,single,single-post,postid-77954,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Elon Musk and Tesla Are Seriously Outperforming Bitcoin

02 Feb Elon Musk and Tesla Are Seriously Outperforming Bitcoin

Posted at 07:34h in Bitcoin News by

[ad_1]

Nobody can deny that bitcoin is doing quite well as of late, but in many ways, it still suffers at the hands of traditional stocks, one being that of Tesla owned by South African entrepreneur Elon Musk.

Musk Has Power of BTC

Tesla stock is up by more than 30 percent, and BTC is hurting at the hands of this stock and others like it. Bitcoin was only bullish during the later period of October 2019 during the past six months, and even then, the spikes did not last. All other months were devoted to bringing the currency to more “humble” figures, while Tesla has been on a roll for quite some time.

By contrast to BTC, Tesla’s price has grown by more than 50 percent and is presently trading for as much as $640 per share. While this number is considerably smaller than bitcoin’s present price, the currency has experienced far less growth.

Tesla is governed and owned by Elon Musk, who has had a very strange and questionable presence in the crypto community. Recently, Musk commented that…

[ad_2]

Source link

Tags:
, , , ,