Very bullish news for bitcoin 🚀. Adaption is here, after Elon's announcement not only a few days after Paypal also release news that they opened crypto payments in 29M merchants. Bitcoin is getting stronger and now more institutions are using bitcoin for their businesses. Let's keep holding!
I still recommend Bitcoin to all my friends, customers and family. In my opinion, some of the risks holding bitcoin on a long term perspective has decreased in the past few months. All around the world, financial institutions are going for blockchain technology and accepting Bitcoin as a trustworthy payment method for their products. Guessing PayPal could also adapt this strategy and start to offer wallets to merchants.
Agree with you on this, there is always a percentage of risk in every investment and this risk is a bit higher when you deal with crypto but seeing big boys investing so much money into BTC is reassuring imo. I don't think istitutional investors will staying inactive when their investment value decreasing and will put in place every measure they have at their disposal to defend their positions.