Big firms and companies investing in Bitcoin. Tesla, Micro Strategy and Twitter are just to name a few, pushing for global adoption.
Is this a sign for a long term investment or just pump and dump for them?
SourceI will say that it is both for long-term investment and pump and dump because we still see bitcoin price will move from up to down many times, even if we don't know why the price moves. You don't have to worry about the pump and dump that will happen to the market and only hold your bitcoin while you can buy more bitcoin. The up and down of the bitcoin price will be good for us because we can try to buy low and sell high, which can help us get more profit. Bitcoin now becomes mainstream among the people out there, so they see bitcoin used for a long-term investment. So they will not worry about the bear market because after the bear market comes, the bull market will come again, and the history will repeat.