9 and 16, the price of Bitcoin rose by over 11%. Similarly, in the same period, Tesla stock surged from $330.21 to $449.76, by 36.2%.Millennials love TSLA stock and Bitcoin.
Tesla stock and the Bitcoin price have seen an uncanny correlation in recent weeks.
It also might be related to the fact that millennial traders actively trade both BTC and TSLA.Bitcoin price falls as Tesla stock price drops in pre-market trading.
Tesla stock neared its all-time high when Bitcoin surged above $11,000.
The day the price of Bitcoin spiked above $11,000 across major cryptocurrency exchanges, Tesla stock price neared its record high.
After the initial drop, the U.S. stock market began to recover and the Tesla stock price rebounded.
One similarity between Bitcoin, avocados and Tesla is that the three are liked by retail traders and millennials, in particular.
As Cointelegraph reported, TradingView said Tesla and Bitcoin were the most viewed assets in July, as the demand for day trading soared.
The demand for avocados rose in recent months as well alongside Bitcoin and Tesla, according to avocado suppliers.
The Tesla stock price has dropped 2.55% in pre-market trading and it remains to be seen if it would coincide with a BTC price movement once again.
Bitcoin, Tesla and avocados: millennial traders are saying 'OK boomer'
Published on Sep 17, 2020
by Cointele | Published on Coinage
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