Tesla and Bitcoin are America’s most popular investments of 2020

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Last Updated on 17 August 2020 by CryptoTips.eu

Tradingview is a platform that facilitates charts for all kind of different assets. They also ranked the investments which people are looking at the most. Every period, it releases a ranking of the most viewed assets in the US, still the region where people tend to invest most of their earnings in stocks and other trade-able assets.

For the period of 2020 ending in July, the most viewed stock so far was Tesla, which led the pack in no less than 31 states in the US. However, Bitcoin, the best known cryptocurrency, was not too far behind.

Whereas Tesla stock has practically tripled in price, the Bitcoin price has gained some 60% since the start of the year.

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Tesla and Elon Musk

The rise of Tesla this year has been nothing short of phenomenal. The stock has tripled in value this year, thanks to belief in Elon Musk’s futuristic looking SUV, his SpaceX projects (which have garnered worldwide attention) and simply the overall charisma of the man.

Some investors thought that Tesla would be forming a top anytime soon, but the stock just kept creeping up. Musk has been known to despises shorters of his stock, something that got him into trouble with the SEC. Elon listed “short shorts” to mock people thinking that his company would go down. CNBC did a report on it last month.

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One of the weird finding of the Tradingview report was that Apple, which is up some 53% for the year, didn’t make it onto the list in even a single state as the most viewed stock.

Bitcoin and airlines

Bitcoin was second on the list of most viewed investments in the US. Some believed that after the massive falls on 13 March, dubbed Black Thursday, the cryptocoin wouldn’t recover, but only 5 months later Bitcoin is trading some 60% higher for the year. Furthermore, the DeFi market has brought additional attention, with coins like Chainlink, VeChain and Cardano regularly making the news.

Surprisingly, people in the US also looked at the airline industry stocks, with Boeing taking place three on Tradingview’s list and American Airlines the tenth spot.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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