BTC has officially surpassed $111,000, now trading at $111,259.4 USDT.
Lol...No, Bitcoin can't rise due to this, for the Bitcoin Pizza day has no economic value. Instead, Bitcoin is rising due to its current bullish sentiment. Have you seen how Bitcoin is being hyped on the social media space of late? Including how the persistence of Michael Saylor is boosting the sentiment in the market? He is a true hero of Bitcoin who didn't say it by mere mouth but also by the action of his resources.
I would mostly associate it with so many big guys going into BTC, and talking about it at least: confidence is enough to see the BTC fly so high up.