Bitcoin and Tesla are biggest bubbles in current financial market

On Tuesday, Tesla and Bitcoin are considered the two biggest bubbles in the current financial market.

It is reported that the survey collected the opinions of 627 industry experts and was transferred from January 13th to 15th. 89% of them agree that there is a bubble in the current capital market, especially Bitcoin and US technology stocks.

For Bitcoin’s bubble rating, half of them gave 10 (1 is the lightest and 10 is the heaviest). The bubble rating of US technology stocks is 7.9, of that 83% of the respondents gave a score of 7 or above, and Tesla was elected as the representative of the US technology stock bubble.

These experts tend to believe that the overall trend of Bitcoin and Tesla this year will be downward.

It is reported that Bitcoin once rushed to the historical extreme value of 42,000 US dollars in 2021, which is 800% higher than the location in March 2020. Tesla’s current stock price is also up 700% from 12 months ago.

(Source)