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

Published 09/17/2020, 08:03 AM
Updated 09/17/2020, 03:40 PM
Bitcoin, Tesla and avocados: millennial traders are saying ‘OK boomer’

Between Sep. 9 and 16, the price of Bitcoin (BTC) rose by over 11%. Similarly, in the same period, Tesla stock (NASDAQ:TSLA) surged from $330.21 to $449.76, by 36.2%.

Tesla stock and the Bitcoin price have seen an uncanny correlation in recent weeks. The correlation might come from the similarities between BTC price movements and the S&P 500. It also might be related to the fact that millennial traders actively trade both BTC and TSLA.

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Latest comments

OK Boomers? What an annoying and hoestly, misleading title. Any “millenial” who calls someone that needs to realize he will either grow old before he knows it, or die young never knowing what knowledge older people can give us. Respect your elders. They’re invaluable. And fyi im no boomer 🤮
"Respect your elders who indebted your generation with social security and other collective socialist ponzi schemes for my personal benefit". - The boomer.
Millennials are about to learn a lesson, the hard way, I can't wait
yeah, stock market doesn't give 10th place ribbons.
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