The stamp of “most viewed asset” is generally a benchmark of a stock’s credibility and value and how people perceive it before including in their portfolio. Currently, the most viewed assets are Tesla and Bitcoin, the two most divergent stocks product-wise.
Tesla is a futuristic car making company with eccentric billionaire Elon Musk at the head of affairs who has a finger in multiple successful ventures, even Space X rockets. Bitcoin (BTC) is the largest cryptocurrency by market cap. Elon Musk has just a foot in the crypto space, owning only 0.25 BTC as of May.
The charting platform TradingView has a few interesting nuggets of information from the stock markets. The data point as of Friday reveals that in 31 states in the USA, Tesla was the most viewed stock. However, Bitcoin stole the March over Tesla in the West Coast states of the USA, including California, Washington, and Oregon.
Surprisingly, the aviation industry that has borne the brunt of the COVID-19 epidemic with fleets of all airlines grounded for months has managed to retain the confidence of the investors. Boeing came in 3rd as most viewed stock after Tesla and Bitcoin with American Airlines at 10th.
TradingView explains this aspect well. It says, “It’s clear that the global pandemic brought increased volatility to the airlines sector and with that came additional interest from traders and investors.” Unexpectedly, Apple, a stock that has seen a gradual rise in value, up to 53 percent this year, has not made it to the top 10 list of most-viewed stock in even one State.
Both Tesla and Bitcoin stock values have been on a roller-coaster this year. The price of a Tesla stock fell to a dismal $350 in March, just as Covid-19 fears were gripping the world. However, by July, it had taken a steep turn upwards, zooming past $1750 as fast as Musk’s SpaceX rockets.
A similar fate has befallen Bitcoin. In March, the crypto asset was trading at a low of around $3,800. However, the asset recovered very quickly, following a high trajectory to reach $12,000 by July, a phenomenal growth by any standards.