This is great to hear but if major companies are buying BTC openly or secretly, why BTC price falls once it goes up?
Theoretically it should not fall. Who is selling to make price fall?.
We need to get rid of those whales if we want BTC to get price stability.
As the market is open, we really don't know who are selling, but you have to understand that $50K is a big price even to average Joe so whether they sold it or not, nothing can be done. Again, this is a free market we can' get of whales or big companies hedging their wealth against bitcoin. You just have to look at the long term effect, as it will bring bitcoin to the next level that we haven't seen. So even 6 figure is possible now.