Bitcoin surpassed the popularity of shares of leading U.S. companies, trailing only Tesla. This is evidenced by data from the financial analytics portal TradingView.
Tesla’s shares were the most-viewed in 31 states in July. Bitcoin was the most popular in California, Washington and Oregon. Boeing shares ranked third in views.
Since the start of the year, Tesla has risen more than 283%, while Bitcoin has gained 60%.
Apple, whose shares have risen 53% year-to-date, did not break into the leaders in any state. TradingView notes that trader and investor interest in the company remains subdued.
Bitcoin’s role as a more reliable alternative to traditional financial instruments is noted by many experts.
Chamath Palihapitiya, founder of the venture-capital firm Social Capital, described BTC as a hedge against a downturn in the global economy, and the Nasdaq-listed MicroStrategy transferred $250 million into Bitcoin.
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