Corporate interest is providing a new and strong form of demand, and could be a catalyst that continues to push it higher and/or adds support to keep it from correcting as hard as it did in the cooling off phase of last bull periods.
We would see a lot of these as research institutes and entities keep looking out for what might be the best ways to leverage the opportunities they might find in Bitcoin for themselves. Come with the government backing, it’s only nice they do so.
Bitcoin in today is no longer a currency that is circumvented by FUD and uncertainties. Come the supports, come investment decisions.
I thought we might have been at the start of a possible bullrun but, this wasn’t it even though, price pushed a little further and way too suddenly.