Tesla and BTC outperformed the S&P 500 after Trump's victory, but valuation issues become more complicated
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Odaily Planet Daily Report: Since Trump's election victory, Tesla and Bitcoin have far outperformed the S&P 500 index, rising 35% and 39% respectively, while the S&P 500 index has only risen 5%. Although each has a clear narrative behind it, the valuation issue has become increasingly complex. The rise in Tesla's stock price is partly attributed to the potential abolition of electric vehicle subsidies by President Trump, and as the leader in the electric vehicle field, Tesla may benefit from this, according to analyst Dan Ives, which he says will be a major competitive advantage for Tesla. The valuation of Bitcoin is more complex, as while some experts predict its future price will reach $3.8 million, investors like Warren Buffett believe Bitcoin will ultimately go to zero. Analysts warn that investors should be wary of market bubbles. Robert Teeter, chief investment strategist at Silverpeaks Asset Management, cites the example of Andy Warhol, who transformed everyday objects like steel wool brushes into works of art and achieved huge appreciation. Therefore, today's investments may also have similar appreciation potential.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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