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29 September 2020

Bitcoin, Tesla and avocados: millennial traders are saying ‘OK boomer’

Bitcoin, Tesla and avocados: millennial traders are saying ‘OK boomer’


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The day the price of Bitcoin spiked above $11,000 across major cryptocurrency exchanges, Tesla stock price neared its record high.

Another asset that has seen some correlation with the price of Bitcoin is avocados.

One similarity between Bitcoin, avocados and Tesla is that the three are liked by retail traders and millennials, in particular.

The spot price of avocado and Bitcoin.

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

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cointelegraph.com
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