Finally bitcoin touched the 1 trillion market cap as it priced surged to $56,368 ATH yesterday. With this recent bull , the bitcoin market will begin to attract more adoption and institutional traders. Apart from Elon musk who converted most of his cash to bitcoin, this month the oldest bank in the United States announce to join the space
The move has been fueled in part by increased adoption of bitcoin by major investors and companies. The oldest bank in the United States, the Bank of New York Mellon, announced earlier this month that it was moving into the space. Elon Musk’s Tesla converted some of its balance sheet cash into bitcoin earlier this year and said it would start accepting the digital tokens as payment.