After the test law investment, the price of bitcoin is not going to stop.Now the price is crossed 54,750$.When the demand of coin had increased, their will be rise in the price of bitcoin also.It's seems to reach 60k$ by this month.
The mass adoption we always used to dream has actually happened and it is aided by the investments big companies are now doing now which is being headlined by Tesla and Microstrategy mainly. Somewhat concerning are these big investments to me because no doubt they are helping price to reach new highs almost every week but this also means the price can fall inexplicably too once they start selling the coins they hold.
It should be updated because now, tesla also becomes one of the companies holding Bitcoin in high amount and this also makes the price of Bitcoin itself increasing some moemnt ago.
Tesla is not just helping Bitcoin but other cryptos like doge coin are also being pumped by Elon Musk. I have a feeling that Elon Musk or Tesla has more bitcoins than Musk pretends to own. We never know how much who owns because they might have 1 Bitcoin each stored in 10k addresses and never get noticed in the rich list.