Bitcoin Explodes Above $44K After Tesla Buys BTC: What’s Next?

[Fawpac2]

Bitcoin exploded to a new record high on Monday after Tesla revealed that it had purchased around $1.5 billion worth of the cryptocurrency in January.

The flagship cryptocurrency reached $44,900 ahead of the New York opening bell, pointing to extended gains as traders rejoiced the entry of the Wall Street’s fifth-largest firm into the cryptocurrency sector. Bitcoin bulls expect the price to hit $100,000 on mainstream demand especially against the cryptocurrency’s limited supply cap of 21 million units.
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