People right now are anxiously waiting and talking about bitcoin all over the world. While big companies like Tesla have already invested in Bitcoin and Microstrategy is also continuously investing in bitcoin. At the same time, many governments of different countries considering making law or making crypto transactions legal.
Plans are on for crypto and apart from all this, bitcoin is creating a record every day. Bitcoin has already gone past $52,000 for the first time. It has even exceeded the price of $55000 and still moving up.
In the last 24 hours, bitcoin has gone up above $55000 several times and signals are good. So far, bitcoin has returned to the price of 51480 and it is trading at $65600 at the time of writing this article. If you look at the charts of trade experts and bitcoin, Bitcoin is likely to go above $55000. Many trade experts are assuming that the price can go up to $71000 by the end of this month.
Just a few days ago Artificial Intelligence Company MicroStrategy has again announced further investment in bitcoin. There are reports that Tesla may also report more investment in bitcoin. Trade experts are expecting some more big names coming forward as bitcoin investors. The big companies investing in Bitcoin are generally strong investors, so let’s presume that a lot of investment is on the way in the crypto-market.
Don’t you think these companies are not traders but investors, so this money is going to stay in the market? This means that they are not buying bitcoins to sell, rather they are investing their extra money in Crypto-Market. So the chances are that the markets will not come down suddenly. It is believed that some big companies all over the world are having a meeting to invest in Crypto and soon these companies can invest in Bitcoin and other cryptocurrencies.
Therefore, don’t be surprised if you listen to the news that the corporate world flood the market with investment in the next few days. I am sure that big companies of the world have their plans to invest in crypto especially in Bitcoin. And if that’s the case, then the price of Cryptocurrencies will rise further. However, the price of Bitcoin coming below $50,000 after that seems remote in the present scenario.
After Bitcoin, the next target of the corporate world might focus on Ethereum probably, and then there is a hope of a big investment in all other cryptocurrencies seeing a big boost and a big jump in ether price.
