Feel free to add your thoughts and comments.
Personally, I think Elon Musk is a key factor in this growth, the current market has been and is bringing great confidence to everyone. And when there is a character influencing it, the waves and movements will always incubate at any time.
Crypto believers are dueling with skeptics for the dominant narrative around the climb: the former see an asset being embraced for its ability to hedge risks such as inflation, while the latter sense a precarious mania riding atop waves of monetary and fiscal stimulus.
Musk gave impetus to Bitcoin joining the mainstream when Tesla Inc. said it invested $1.5 billion and was prepared to begin accepting the cryptocurrency as a form of payment for its cars.
According to Dan Ives at Wedbush Securities, Tesla has made a profit of about $1 billion over the past month from that bet.