Bitcoin Is Not Just a Crypto Asset: What Does its Surge to $119,000 Mean?
Bitcoin’s price rising above $119,000 is a big deal. It affects more than just investors. Startups and unbanked populations could be impacted too. Let’s break down what this all means.
What’s Causing Bitcoin’s Price to Rise So Rapidly?
Why is Bitcoin’s price going up? The answer lies largely in increased institutional investment. Big names like MicroStrategy and BlackRock have jumped on the bandwagon, creating a lot of excitement in the market. MicroStrategy has bought a ton of Bitcoin under the leadership of Michael Saylor. They’ve now amassed over 582,000 BTC, making them one of the biggest corporate holders of Bitcoin. The introduction of spot ETFs has also made it easier for institutions to buy Bitcoin, increasing demand while the…
