The world First and biggest Cryptocurrency Bitcoin crossed the new milestone of $60K on 13 march Saturday. Investment and enthusiasm towards Bitcoin Increased day by day which helps Bitcoin currency grow faster than other currency. Currently When Tesla invested $1.5 billion in Bitcoin, then the price of Bitcoin crossed $50k.
Reason for Going up
Investment by Microstrategy Inc in bitcoin on 12 march Friday. Microstrategy Inc is Business Analytics, Mobile software and cloud-based service provider. Microstrategy holds more than $5 billion value of Bitcoin. Currently, on 13 march Microstrategy buys nearly 205 Bitcoin worth $10 million.
The second reason is the invested in past by BNY Mellon, BlackRock, Mastercard and Tesla.
What Next?
There is no doubt that the price of Bitcoin will cross $80k at the end of 2021, but the volatility of bitcoin always make a problem for investors. There was always one trend seen that after reaching the milestone, the price of Bitcoin goes down for some time. For example, when bitcoin crossed $50k, after some time the price goes down below $42k.
So what you do now - Comment your Answer
Image Credit goes to pexel.com
