Bitcoin hits $50,000: Long waited Milestone for BTC Price

It’s just like magic, in recent times a lot of positive news on the cryptocurrency platform directly impacted on the Bitcoin price. Today Bitcoin got the best price ever which is $50K, Basically it’s the most desirable landmark for Bitcoin and cryptocurrency. It’s a huge news because Tesla’s planning to accept Bitcoin is one of the most important factors behind this issue.

Source : TradingView

Beside of the news, Tesla’s growing interest on Bitcoin and accepting Bitcoin very soon and Mastercard’s acceptance Bitcoin in some features is working behind the rapid price, another important happening goes to MicroStrategy’s dedication on Bitcoin, they are going to plan another $600 Million investment on Bitcoin,  It seems that all these three big fishes are going to add Bitcoin to their balance sheet. So the growing rate of popularity of Bitcoin is getting higher and higher, that’s why it could be said that the price of Bitcoin will get another peak soon.

According to Simon Peters, crypto asset analyst has given his opinion like in this way, 

“While we may see short-term upside in the price of bitcoin and other crypto assets as a result of this, Mastercard’s announcement – coming so soon after Tesla’s own comments earlier this week – has real long-term implications for bitcoin and its peers, Bitcoin and its peers are, quite simply, going to be part of the mainstream financial universe sooner rather than later. I expect demand to surge and see bitcoin prices hitting at least $70,000 by the end of this year.”

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