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People Love Bitcoin And Tesla

People Love Bitcoin And Tesla

All eyes are on Bitcoin (BTC), crypto’s largest coin by market cap, and Tesla, a future-centric car company run by eccentric billionaire Elon Musk, thanks to a standout year for both assets.

Tradable equity in Tesla, under the ticker TSLA, has captured more of the American public’s attention than any other investable asset, according to July figures from financial charting platform TradingView, posted on Aug. 13. Bitcoin held the spotlight as the second most popular asset charted on the platform. 

TradingView also pointed out that Bitcoin interest is on the rise specifically in Washington, California and Oregon. “The west coast loves crypto the most,” the article said. “Boeing was the third most viewed stock and American Airlines the 10th,” the article added, detailing the airline sector — an industry that saw the brunt of COVID-19 restriction consequences. 

Bitcoin and Tesla earned their spots in the limelight as both have rallied tremendously in price over 2020. Bitcoin hit a low near $3,800 back in March as COVID-19 fears were ramping up. The asset recovered fast, however, flying up past $12,000 in the following months, tallying a radical comeback. 

Looking back on a similar story, TSLA’s price fell down near $350 in March before flying up past $1,750 by July, as if riding one of its CEO’s SpaceX rockets.  

Tesla CEO and SpaceX founder Elon Musk is no stranger to the crypto space, although he reportedly only owns 0.25 BTC as of May.

First published here

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