A few years ago in 2018 in December the price of bitcoin rose dramatically, some voices said that in 2019 Bitcoin will reach one million dollars. However, two years have passed and in December 2020 Bitcoin started to rise reaching $ 18,000, since then a few months have passed and now bitcoin exceeds $ 50,000.
I wonder why? What happens?
Bitcoin has gotten a boost from news of large firms like Tesla and Mastercard showing support for crypto. Tesla last week revealed it had bought $ 1.5 billion worth of bitcoin and plans to accept the digital coin as payment for its products, while Mastercard said it will open up its network to some digital currencies.
PayPal and BNY Mellon have also made big moves to support crypto. Uber CEO Dara Khosrowshahi told CNBC last week that the company had discussed but “quickly dismissed” the idea of ??buying bitcoin but is considering whether to accept cryptocurrencies as payment.
MicroStrategy software firm and Jack Dorsey’s fintech firm Square hit the headlines last year after taking the unusual strategy of using corporate cash to purchase bitcoin. Morgan Stanley is also very close to investing in Bitcoin, while Goldman Sachs and JP Morgan, which have been wary of cryptocurrencies, are soon to announce investments.
The European Central Bank, through its representative, stated that they will not buy Bitcoin, expressing the opinion that everything will lead to the collapse and collapse of the markets. Last month the Bank of America Securities ’chief investment strategist, said the recent surge in price may be “ the mother of all bubbles ”.
Personally, I think bitcoin will go up, this year next year? we will see..
If I were to ask myself a question, it is: What is the limit?
Thank You
