Tesla effect continues in Bitcoin.

Tesla rally does not slow down in Bitcoin
Bitcoin prices rose a record yesterday after Tesla announced that it bought $ 1.5 billion of Bitcoin, reaching over $ 48,000. Cryptocurrency Bitcoin gained almost 20 percent on Monday's surge

 

Bitcoin prices rose a record yesterday, surpassing the $ 48,000 level after Tesla reported to the American capital markets regulator (SEC) that he bought $ 1.5 billion of Bitcoin.

Crypto proponents have long emphasized the importance of a corporate company adopting Bitcoin, but companies that use Bitcoin as a means of payment were limited to MicroStrategy and Square Inc.

The fourth largest company in the S&P 500, managed by the richest man in the world, entered Bitcoin, revolutionizing everything, creating a new debate.

“We think the treasures of companies are important reasons explaining their crypto position and others will follow this first step.” Fundstrat Global Advisors strategist David Grider said that this will not happen overnight, but they think there is room for the entry of companies' treasury and this trend will continue.