Tesla Shares Left Bitcoin Behind

Elon Musk hit Bitcoin (BTC) traders the second blow this month: Tesla was the only investment to surpass Bitcoin in 2020. According to Cboe data, TSLA stock has gained 38 percent since January 1, while BTC / USD parity has gained 30 percent in the same period.

Tesla reached its all-time high

Musk's company was the star of the stock market this month, contrary to what many expected. Resisting macro pressures, the stock reached an all-time high of $ 589 as of Wednesday. Musk, who has previously described himself as a big fan of cryptocurrency, had recently announced that he neither supports nor opposes Bitcoin and expressed concern about the use of cryptocurrency for illegal purposes. Although the BTC / USD parity used it in favor of the Wuhan virus outbreak centered geopolitical pressures in China, it failed to surpass Tesla. Mati Greenspan, Markets analyst at Cointelegraph, said of Bitcoin, "apparently, it's not showing its best performance of the year."he commented.