Do you think Elon Musk is one of those who will push the price of bitcoin up to reach 100k$ each when the bull run comes?
I have seen and read many times, especially about the increase and factors influencing the price of Bitcoin in 2017 that has passed,
No, a lone whale didn’t cause Bitcoin’s 2017 rise, that's an example and I also learned more about the main streams causing the Bitcoin price to go up.
Example:•
Bitcoin: why the price has exploded – and where it goes from hereThe move mainstream
This time, big names such as billionaire investor Paul Tudor Jones and insurance giant MassMutual have invested heavily, while even former naysayers like JP Morgan now say that bitcoin could have a bright future. This all helps to increase trust in the cryptocurrency and indicates that it is becoming more mainstream.
One reason for the massive price rise is that there has been a big influx of investors from large-scale institutions such as pension schemes, university endowment funds and investment trusts.
From some of the sources and data that I have shown above, of course I conclude, Elon Musk may have been one of the factors behind Bitcoin's surge yesterday, but not entirely there are several other factors that boosted the Bitcoin price.
What I believe is: if the price of Bitcoin rises to the level of $100k, it's not because Elon there are other factors that can affect the price of Bitcoin, maybe as happened in 2017, that's my assumption about the price of Bitcoin going up.