BTC bullish run is on card as positive vibers are coming
It is a fact that backing of billionaire or influential is must for the growth of the coin. We already observed that BTC price rose to all time high worth of 64,800 USD after Tesla owner Elon Musk invested 1.5 Billion USD in BTC. BTC has global capitalization was above 1,000 Billion USD. 1.5 Billion was just a peanut, comparing it with total capitalization of 1 Trillion USD.
Despite of having 0.15% share Elon Musk share in coin capitalization, Musk really control the market. His one tweet pump and dump the market. This is called the influence.
BTC achieved all time high worth of 64,800 USD on 14th April 2021 and exactly one month latter coin recorded lowest worth of 28,000 USD. Huge dip observed due to MUSK concern on environmental impact created by BTC mining and China ban on crypto currency. This reveals that big guns control the market. Influence itself is not bad thing at all. It depends where it applies.
Despite all the time tough there are few good news for the world top coin. El Salvador made digital currency (BTC) as a legal tender. Now BTC is an official currency of El Salvador along with US Dollar.
Bill on halting BTC mining for 3 years in New York also disapproved. Now ginat microblogging platform TWITTER CEO Jack Dorsey disclosed that it is a matter of time when microblogging platform Twitter or decentralized social network project Bluesky integrates with BTC payment.
Great news for coin which is under immense pressure. I hope Twitter CEO statement and adoptation of El Salvador as a legal currency will help coin to gain momentum. Bullish run is on card. This is my 2 cent opinion which may be wrong as it is difficult to predict about the market which is one of the most volatile market. Beware: purchase at your own risk. What is your opnion my friends?
Wish you all a very happy, happy healthy and prosperous life ahead. Have a nice time
Posted Using LeoFinance Beta
Yeah but BTC is sitting right on the short right now. Best time to buy is the dips, not on the rips. We'll see, I fully expect to see 20k again, hope 20k holds!! lol
BTC seems to be picking up again, I hope it's for the better. I believe we are not very far away from the bullish run.
Happy week ahead and a blessed one to you too
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