Many speculations say that bitcoin prices soar and break the higher price, but we don't know the truth. It is great news for bitcoin users because we can see the price will be able to break the high price, and what we see now, the price can touch $50k again after yesterday. So the price can still increase this day.
As an investor; the prospect of large institutions banking in on bitcoin should worry you because we have no idea their intentions. Are the big firms buying bitcoin for investments and adoption purposes? or they simply wanna force a fomo, demand and high token price to do a rug effect and take profits ? This are issues i try to speculate about, if a big firm sells its bitcoin today, would the price be the say ?
Do you think the market can survive that ?
I don't want to speculate on that instead to enjoy the price now. The market will survive in any situation and condition, and you should not worry about that. Even if they just FOMO, I think we can just follow them and get the benefits to us to make more profit when the price increases.
With what happened to the market now, bitcoin has more chances to increase, and I guess that if the situation can be like this, we will see $51 on this day. Hopefully, that can happen soon.