Bitcoin and Tesla stock are among the most viewed assets on TradingView
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Answer Bitcoin and Tesla stock are among the most viewed assets on TradingView
Bitcoin and the electric car maker’s Tesla stock index are the two most-watched assets in America on the charting site TradingView, according to data published by the same website. Location.
Tesla stock (with ticker: TSLA) has been skyrocketing this year as the outlook for electric vehicles has changed on Wall Street and attracted many retail participants, and as a result, Tesla stock rose from $402 on January 1 of this year to $1,650 at the time of writing. This article.
While the price of Bitcoin rose from $7,400 to $11,700 in the same period.
During the month of July, TSLA was the most watched stock in the 31 states of the USA, but bitcoin was not far behind.
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Quoted from TradingView:
Since the beginning of the year, Tesla’s stock price has nearly tripled.
Meanwhile, Bitcoin is up 60% since the beginning of the year.
Bitcoin seems to have gained a special following in California, where Tesla is headquartered.
As he told TradingView:
Our findings show that the Southeast prefers Forex.
The West Coast states of California, Washington, and Oregon are leaning toward bitcoin.
The West Coast loves cryptocurrencies.
Retail Traders Rush to Bitcoin and Tesla:
Tesla’s gains this year came despite being one of the world’s best-selling stocks as many were betting on bearish prices.
Even Tesla CEO Elon Musk had trouble keeping pace with the increase, noting that the stock was overvalued earlier this year.
But that hasn’t stopped speculators from getting into the TSLA stock.
Since Elon’s May 1 tweet, the stock is up another 127%.
Meanwhile, Bitcoin also performed strongly, with Bitcoin up 36% based on a strong fundamental narrative anticipating more global economic problems.
The rising price of Bitcoin has even attracted social influencers like Dave Portnoy, founder of sports blog Barstool Sports, who previously said he had bought $250,000 worth of Bitcoin, and recently told that he now owns $1 million worth of Bitcoin.
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Portnoy has more than 1.7 million followers, who used to watch him tweet relentlessly about stocks and his apparent loyalty to Bitcoin.
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