The social network and information platform for traders, TradingView, announced which were the most sought after financial assets on its platform during July in the United States. Cryptocurrency Bitcoin (BTC) and shares of electric vehicle maker Tesla (TSLA) led the searches.
On the other, TradingView mentioned that users that are residing in the west coast states such as California, Washington, and Oregon are the most requested on Bitcoin, while in the Southeast, Forex is favored.
Until now this year, both Tesla and Bitcoin have given joy to those who invested in them. On the one hand, the share of the company led by Elon Musk increased its price by 284.48%. Its price at the beginning of 2020 was USD 427 per share and is currently trading at USD 1,650.
On the other hand, the first cryptocurrency had a price increase of 65.45%, going from USD 7,192 to USD 12,100 at the time of writing this article. TradingView stands out as curious and particularly interesting data that Apple, the largest company A publicly traded company, did not top the search ranking in any state.
All about Tesla and the use of Bitcoin
On various occasions, Musk spoke positively about Bitcoin and cryptocurrencies. Despite this, he considers that, although “the structure of Bitcoin is quite brilliant”, it is not appropriate for Tesla due to the high energy consumption of mining.
“I think actually one of the downsides of cryptocurrencies is that computationally they require a lot of power,” Musk had said at the time. He also pointed out that, for him, “there has to be some kind of restriction on the creation of cryptocurrencies.”
About the adoption of Bitcoin and other cryptocurrencies as a payment method, Musk explained that he sees them as a potential replacement for cash, but doesn’t believe that Bitcoin will ever become the most important financial base.
Some consider that Bitcoin has the total potential to become a good system to adopt in other of the projects and companies that Musk leads, such as SpaceX. He claims that the colony that could inhabit Mars will live under a decentralized system in which people can make it on their own without a final establishment based on centralized entities.
About TradingView
TradingView is a social platform for traders, as well as an analysis and charting tool. Users can also carry out buying and selling operations directly on the site. Almost all cryptocurrency exchanges incorporate TradingView charts. This platform thus becomes one of the main interfaces to monitor the price of cryptocurrencies in real-time.
TradingView is online stock-picking software and screener for both beginners and experienced active traders. It incorporates extensive cloud-based charting tools for research and gives users the ability to share and collaborate with other active traders online.
The downside is that most large brokerages are not yet directly integrated with TradingView, so you will have to place trades separately with your brokerage of choice.
TradingView was released in June 2012 as a social platform for active traders and featured its scripting language that allows users to customize charts and indicators. It continues to be a popular choice among active traders and financial software companies because of its versatility.
Users can learn new concepts, research market fluctuations, and possible chart outcomes, collaborate with other traders, chat, ask questions, and practice trades with the TradingView platform on any device.
By Jenson Nuñez.
