The New High Levels for Bitcoin
In a period when the price was trying to find a new equilibrium in the market, without any certainty for the short-term future, we observed a boom from $38,000 to $47,000 in just a day.
The reason in no other than Tesla and its founder, Elon Musk’s decision to buy from its reserves, worth $1.5 billion at bitcoins. This amount made the price to break the previous high levels and gave Bitcoin a chance to prove that there is no limit at investors’ expectations.
The entrance from new players in the market that Bitcoin will become a financial tool that can offer more at any company than cash, adding value to its corporate strategy and total valuation. We expect that the next big move will make the price formation possible in the next period.