BTC has had huge success over the past weeks. According to economist\u00a0Alex Kr\u00fcger, if Bitcoin performs like\u00a0Tesla\u00a0next year, its price could skyrocket.\r\n\r\nThe leading cryptocurrency has been consistently keeping the momentum of success it has achieved in recent weeks. Last week,\u00a0Bitcoin\u00a0(BTC) price surged to a 3-year high of $ 18,965. With this close to an all-time high after three years, everyone is wondering what Bitcoin\u2019s next step will be.\r\n\r\nLooking at a comparison between BTC\u2019s current rally and Tesla\u2019s rally in late 2019, BTC could be prepared to experience exponential growth next year.\u00a0According to a fractal comparison of Tesla\u2019s 52-week rally last year and Bitcoin\u2019s current price action, BTC is on the verge of a strong uptrend.\u00a0Alex Kr\u00fcger, an economist who closely follows the cryptocurrency space, recently made a comparison between the two assets. Kr\u00fcger shared his opinions on Twitter.\r\n\r\nTesla started its bull run on October 2019. A month later, by November 21st, it was 10% from its prior all time highs.\r\n\r\nJust like bitcoin now.\r\n\r\nIf in the next 12 months Bitcoin were to perform like Tesla did, $BTC would hit $125K. pic.twitter.com\/PKroDBRUhn\r\n\u2014 Alex Kr\u00fcger (@krugermacro) November 22, 2020\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\nCorrelation Between Two Popular Assets\r\nBitcoin\u00a0and\u00a0Tesla\u00a0are currently among the most popular assets in the world. There is also a similarity between Bitcoin and Tesla investors. Generally, the people who bought and owned Tesla have the same mindset as the people who bought and owned Bitcoin.\u00a0Alex Kr\u00fcger\u00a0also added these statements to his post on Twitter.\r\nDon\u2019t need to believe will happen, but understand why it can. Bitcoin has become a macro asset. Due to governments response to covid, real rates are now deeply negative. Institutional players are starting to believe bitcoin is a gold alternative. And most don\u2019t own any bitcoin.\r\nHe said that there are many similarities between Tesla and Bitcoin and that both are cult entities, attracting hatred to honey, like bees. Both had a wide multi-year consolidation range and a vertical bull run that started with positive developments. And both have long-term macro tailwinds.\r\n\r\nAlthough Bitcoin has had a lot of success this year, it is currently 100 billion behind Tesla by market cap. According to\u00a0CoinMarketCap\u00a0data, the Bitcoin price at the time of writing is $ 18486. It has risen to 0.76 percent in the last 24 hours and 13.81 percent in the past week. The leading cryptocurrency\u2019s market dominance is currently 63.13%.\r\n\r\n#coinsfera #cryptonews #buybitcoinistanbul #buybitcoindubai\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\nDisclaimer: All information provided in the content is for informational purposes only and should not perceive as investment, financial, or trading advice. Any investment decision you make should be a personal choice based on financial knowledge, experience, and market research.