Why is the price of Bitcoin rising so much?

[Micky]

What can you consider by looking at the current price of Bitcoin. If you cryptocurrency Analyzing the market, you can see that Bitcoin has already crossed 43 thousand dollars.Why is the price of Bitcoin suddenly rising so much?What do you think will be the price of Bitcoin this time?Looking forward to the opinions of various senior experienced brothers.

[trauchot]

The price of bitcoin began to rise sharply because there was news that Elon Musk and Tesla had invested 1.5 billions $ in bitcoin and that is why bitcoin began to rise in price so quickly, and of course I think that after such news a lot of people and big players began to invest in bitcoin, so Bitcoin likely will reach the 50k$ mark already soon.

[Herry]

What can you consider by looking at the current price of Bitcoin. If you cryptocurrency Analyzing the market, you can see that Bitcoin has already crossed 43 thousand dollars.Why is the price of Bitcoin suddenly rising so much?What do you think will be the price of Bitcoin this time?Looking forward to the opinions of various senior experienced brothers.

Bitcoin prices have pumped up a lot more than before. The current price of Bitcoin is 43269 $. I think the price of Bitcoin will rise further and the price of Bitcoin will exceed 50 thousand to 60 thousand dollars. But I don't understand why the price of Bitcoin is rising so fast. Of course our senior brothers in this forum are very experienced. They will help us.

[sergeybobrov]

I would like to find out at what prices and when the Elon Musk and Tesla bitcoins were bought.  Perhaps bitcoin was bought in the spring of last year and now Elon will be gradually fixed and people will buy on fomo.

[Blue_sea]

The only reason is that here lost of new traditional business organizations invest in this platform. This is the main reason i think.

[Gubre]

I'm going to stick what the popular personalities like Elon Musk were saying. Since these retailers are here in cryptos meaning something bigger than right now is coming and that's the truth that is so obvious to every observant. Also these retailers and some institutions are forex traders and investors to big businesses so we can truly have a concrete evidence to hold on for the positive explosion that will happen in crypto.

[AllSii]

The price of bitcoin began to rise sharply because there was news that Elon Musk and Tesla had invested 1.5 billions $ in bitcoin and that is why bitcoin began to rise in price so quickly, and of course I think that after such news a lot of people and big players began to invest in bitcoin, so Bitcoin likely will reach the 50k$ mark already soon.

For this amount, you could buy about 40 thousand bitcoins and this could lead to a rapid increase in the price. But what will happen to the price when Elon Musk starts selling them?

[hasyurt]

Bitcoin reached a new peak when Tesla announced that it bought $ 1.5 billion of bitcoin today. Teslan's owner Elon Musk is also doing serious manipulation of crypto money. It's okay to buy bitcoin, but dogecoin is also seriously speculating. If anyone does serious harm, he can react seriously to Elon Musk.

[naitik01]

Positive news is coming in the market, big giants like paypal and Elon Musk are investing in bitcoin. Today the value of bitcoin has crossed $43k.

[legend45]

What can you consider by looking at the current price of Bitcoin. If you cryptocurrency Analyzing the market, you can see that Bitcoin has already crossed 43 thousand dollars.Why is the price of Bitcoin suddenly rising so much?What do you think will be the price of Bitcoin this time?Looking forward to the opinions of various senior experienced brothers.

I think the reason why bitcoin price is  rising, because many companies have invested in bitcoin and I see during pandemic covid 19 many people already invested in bitcoin and got profit from this to fulfill their needs.

[Cryptoz]

For the recent increase, I am sure that the fundamental aspect is the first reason for this incredible rising.
After Elon musk tweeted about buying Bitcoin in high amount for Tesla, then BTC price is likely to the moon

[I-Bit]

It is because of the demand is increasing very significant. And also there are many pumps by whales on many exchanges. It is also supported by good news that many famous people like Elon Musk who invest or buy Bitcoin. Then, he regularly give to the people signs of his supports.

[ALTdetectoR]

because bitcoin is currently a trend in the market.
and currently many new investors are starting to invest in cryptocurrency, including bitcoin.
many new investors are investing a lot of money into bitcoin.
this is a great opportunity to buy and hold on to it and wait for the price to hit $ 70,000

[KryptoBull]

The price of bitcoin began to rise sharply because there was news that Elon Musk and Tesla had invested 1.5 billions $ in bitcoin and that is why bitcoin began to rise in price so quickly, and of course I think that after such news a lot of people and big players began to invest in bitcoin, so Bitcoin likely will reach the 50k$ mark already soon.

As you say, the participation of ElonMusk & Tesla is the biggest driver for BTC price to surpass $ 40K. ElonMusk is so famous in the world of both traditional finance and crypto, I think millions of people are interested and learn about Bitcoin and crypto, they are potential BTC & DOGE investors.

[Malam90]

ElonMusk & Tesla has influenced the recent Bitcoin pump for the publicly activities, tweets in twitter etc. Besides this, Bitcoin recently dumped more than 30% and gradually trying to recover and finally recovered and also set new ATH records also.