RATE Group | Tesla Showing Similarities to 2017 Bitcoin, What Happens Next?
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Tesla Showing Similarities to 2017 Bitcoin, What Happens Next?

31 Jan Tesla Showing Similarities to 2017 Bitcoin, What Happens Next?

Posted at 18:44h in Bitcoin News by

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Tesla is among the top-performing assets of 2020 so far, and one of the few financial assets that has outperformed Bitcoin and the rest of the cryptocurrency market.

Tesla is even showing similarities to that of the 2017 Bitcoin bull run, however, what does this mean for the price per share of the futuristic automaker if it continues to follow the same path?

Is Tesla Following The Path of 2017 Bitcoin?

Since the moment markets opened in 2020, Tesla has been on an absolute tear, rising from a share price of roughly $421 to a high of $651. Tesla has earned investors who bought at the start of the new year with over 54% return on investment.

Related Reading | Tesla is the Greatest Performing Asset In 2020. It Even Surpassed Bitcoin 

It is among the few assets that have outperformed Bitcoin for the month, which is up over 30% since the start of the year.

tesla price chart bitcoin crypto

The rise in Telsa is being compared to the meteoric rise in Bitcoin, which back in 2017 rose from under $1,000 to as much as $20,000 at…

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