Tesla may have its share of haters, with short-sellers continuing to pile into the stock, but when it comes to the crypto community, Elon Musk’s still the man.
According to a report released this week from Abra, which took a look at more than 12,000 investors using its blockchain-based investing app, Tesla
is the clear favorite, followed by Amazon
The Abra app is available on both iOS and Android platforms.
“The world is bullish on tech and overwhelmingly loves Tesla,” Abra said in its “Global Investor Insights” report. The app allows users around the world (excluding the U.S.) to own fractions of a select number of high-priced stocks and exchange-traded funds. The minimum investment is $5.
At $71.64, the median investment in Tesla, which is particularly embraced in Musk’s home country of South Africa, is 191% higher compared to the overall median figure of a mere $24.65. We’ll see what kind of interest the U.S. has in Tesla once Abra’s rollout here clears regulatory hurdles.
Not everybody is rolling the dice on high-flying tech stocks. As you can see in this map, in Australia and Canada, for example, it’s all about gold
Abra, which the Wall Street Journal hailed as one of 2018’s top 25 tech companies to watch, last month laid claim to an industry first: the opportunity for investors outside the U.S. to invest in equities using bitcoin
“Investing in financial markets is a basic tool to build personal wealth. Yet outside of the United States, most of the world’s population is not invested in financial assets or markets due to issues of access and affordability, ” Abra CEO Bill Barhydt said in a press release at the time. “Abra is addressing this global inequality by allowing more people to have a stake in financial markets. “