The shares of Tesla and Bitcoin have shared a halving.

In Tesla’s case, it’s called a stock split, and it happened in September 2020.

This meant that each Tesla share was split into five, „reducing“ its value from $2,000 to about $400.

A few months earlier, in May, Bitcoin had experienced the third halving in its history. In this case to be halved, were the rewards of the miners, those who mine Bitcoin from the blockchain.

This connection was highlighted by Anthony Pompliano in a tweet:

„2020 saw Tesla do a stock split and Bitcoin Capital do the halving.

They are more connected than we think in the minds of young investors.“

In fact, this comparison has left some puzzled. To Mike Novogratz, it simply doesn’t make sense.

To this consideration, „Pomp“ responded:

„Both were events that manipulated supply or demand. Bitcoin reduced supply and Tesla made the stock look „cheaper.“

I’ve heard this from many young investors (under 25) over the last few days.

It’s fascinating how they interpret these events.“

Tesla stock vs Bitcoin

Tesla and Bitcoin share the commonality of having experienced an extraordinary 2020. Although both suffered from the March market crash, their value has risen sharply.

Tesla went from being worth $86, all the way up to the current $661. Basically, the price of its shares has increased 8 times. Bitcoin on January 1 was worth about $7,000, while today it is worth about $26,000, and yesterday it touched a record high of $28,000. That’s a nearly 4-fold increase from the opening of 2020.

In short, for both, the year has certainly been a positive one, and marked by the stock split and halving respectively.

In the case of Bitcoin however halving has reduced the offer, and this may be in the long run one of the reasons that has contributed to the increase in price. In the case of Tesla the split instead left the capital unchanged, increasing the number of shares present, at a more „economic“ value.

Tesla and Bitcoin accused of being „bubbles“

The other thing Tesla and Bitcoin have in common is the fact that they are considered speculative bubbles. Analyst Vitali Kalesnik sounded the alarm in an interview with CNBC. In it, the analyst pointed out that Tesla’s stock price is too high in relation to car sales, and for this and other reasons:

„Tesla’s current valuation is in bubble territory.“

Bitcoin also has to defend itself against accusations of being a bubble. To attack BTC, once again, Nouriel Roubini, according to which:

„The price of Bitcoin is totally manipulated by a group of people, by a group of whales. It has no fundamental value. We are close to the point where the hyperbolic bubble is about to burst.“

The next few weeks and months will tell if he’s right. Certainly the 2020 run is decidedly less parabolic than the 2017 run. Three years ago, Bitcoin touched $20,000 and then immediately dropped back down, eventually going down in value within a few weeks.

This time, the climb towards $20,000 has been slower and, at the moment, more lasting. Bitcoin has been steadily above $20,000 since December 16. It is currently retracing after yesterday’s record high with the price near $27,000. This is a widely expected descent, the result of profit-taking by those who decided to sell and cash out after the record high.

But according to some, it is but the beginning of a bull run that will lead the price of Bitcoin to rise even higher. This is due to some factors such as the halving of the supply produced by halving, and the growing demand, this time also supported by institutional investors. In short, the premises are good, it remains for the market to make its judgment.