Immediately after Trump won the election, both Tesla and Bitcoin took off like a rocket… Tesla +91% and Bitcoin (only) +52% - see Figure 1.
However, from the top, Tesla was down 41% and Bitcoin 21% - see Figure 2.
Bitcoin is currently up about 10% on the news that President Trump is keeping his promise to make the U.S. the “Crypto Capital of the World.”
Will Tesla follow Bitcoin? We’ll soon find out if this is the same trade… :)
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