How about that ?? $55,000 up about $15,000 in around one months time .
I notice a dip in several stocks , could be that the wiser investors are now trading in BTC ?
I sold several ounces of gold ,to buy in a week ago. I'm a happy guy .
That's possible and not only wise investors but institutions and companies as well, they will make this as their stock to back them up for profit, many stocks investors are now including Cryptocurrency, they should be because it's better to invest in Cryptocurrency than on stocks now, the profit is much better here.
Honestly I feel like those huge companies have so much money that, even if they put "there is excess amount of cash in accounts that we couldn't find what to do with" will be amazing for bitcoin. Last I checked there were hedge funds with 100+ billion dollars and those huge investment banks? Like JP Morgan and so forth? Those companies make nearly 5-10 billion dollars in profit, and I mean like literally that is their profit from others money, not even their own.
Think about how much they control if they got commissions at the 7 billion rate. Hence, it is obvious that if they get into bitcoin, they are going to make a huge change and that is going to increase the price of bitcoin like crazy. Microstrategy, grayscale, tesla these are "small time" investors compared to other giants of the wall street, if those small ones increased it so much, believe me when huge companies start to invest it is going to keep going up a lot.