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Sunday, August 16, 2020

BITCOIN AND TESLA: AMERICA'S MOST LOVED ASSET ON TRADINGVIEW


   Tradingview said Friday that bitcoin and Tesla, an electric car maker and clean energy company, are America's most-viewed assets on the charting platform.



 Bitcoin (BTC) has been up more than 60% year-to-date, with its price reaching $ 11,900 at Press time. The rise has drawn thousands of new investors - both retail and institutional - to cryptocurrencies.


Likewise, Tesla's share price has more than tripled this year, jumping from $ 402 on January 1 to $ 1,650, driven by the positive future outlook for the electric vehicle industry.


"While public companies like Apple are approaching a $ 2 trillion market cap, it looks like traders and investors are still not paying much attention," Tradingview said, in a statement.


"For now, the data clearly shows that Tesla and bitcoin are the two assets that everyone looks at the most," he added.


Throughout July, Tesla was the most-viewed stock in 31 US states but bitcoin is not far behind.


“Our findings also show that Southeast Asia likes forex and the West Coast states of California, Washington and Oregon are leaning towards bitcoin. The west coast likes crypto the most, ”said Tradingview.


Bitcoin has risen sharply in 2020, driven by the relentless printing of fiat money by governments and central banks, who want to keep their economies afloat in the aftermath of the coronavirus pandemic.


Amid the economic downturn, investors looking to hedge against inflation have entered the top cryptocurrencies.

For example, Microstrategy Inc. those listed on the Nasdaq this week adopted bitcoin as its main reserve, spending $ 250 million on 21,444 BTC. The company describes bitcoin as "a reliable store of value ... better than cash."


Tradingview is a cloud-based social platform for traders as well as an independent charting and analysis tool. With millions of users, the platform provides access to expert educational trade ideas and content in the form of notes, charts, images and videos.


Users can also trade and place orders directly on the site. Almost all cryptocurrency exchanges incorporate Tradingview, which forms the main interface that helps users monitor live crypto activity on the exchange. Additionally, crypto market aggregator Bitcoin.com offers professional trading charts that are derived from Tradingview.

 

 What do you think about the popularity of bitcoin and Tesla on Tradingview? Let us know in the comments section below.

 

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