Bitcoin (BTC) hit all-fourth dimension highs of $20,000 in December 2022 earlier retracing — but some other stock is now echoing its journey to an most identical degree.

Data from markets collated by crypto venture capitalist Mike Novogratz on February. 3 shows that Tesla stock ($TSLA) is currently closely mimicking Bitcoin from 2022.

$TSLA hits tape levels

Placing BTC/USD from that year over Tesla stocks from 2022, the extent of the two avails' correlation becomes immediately clear. Bitcoin took most exactly as long to go from $1,000 to $20,000 as Tesla did to reach its electric current peak of $780.

Tesla stock in 2022 versus Bitcoin in 2022

Tesla stock in 2022 versus Bitcoin in 2022. Source: Mike Novogratz/ Twitter

"Wow," Novogratz summarized, as attention continues to focus on Tesla's rapid gains this year.

As Cointelegraph reported, the company managed to outdo Bitcoin'southward impressive 35% gains in January, topping 40% in an unanticipated moving ridge of enthusiasm.

Ownership the peak?

Nonetheless, some commentators are already wary that the good times for $TSLA are coming to an terminate.

Purchasing the stock at electric current levels reminded Cointelegraph Markets analyst Scott Melker of buying into Bitcoin at the top.

"It is incredible to see this visually on a chart," he wrote on Twitter reposting Novogratz's findings.

"Tesla at its electric current price is effectively the same as Bitcoin at its all-time high in 2022."

After December, Bitcoin rapidly declined to effectually $9,000 in the beginning weeks of 2022, going on to striking local lows of $iii,100 at the cease of that twelvemonth.

Since then, gains have been more than measured and sustained, BTC/USD befitting to long-term predictions which nonetheless call for a giant $100,000 per coin by 2022.