Who, why and with what are they buying BTC18 Feb 2021 10:01
'Analysts believe that Tesla's (TSLA) $1.5 billion purchase was the most important event for Bitcoin (BITCOMP). That's because all CEOs have seen the remarkable rise of the company to become the biggest automaker in the world. As such, many are said to allocate a small portion of their funds to Bitcoin and other cryptocurrencies.
The Bitcoin price is also rising because of the upcoming stimulus in the United States. Some data points to the fact that many individual investors are buying cryptocurrencies using their stimulus funds. Therefore, with Congress considering a $1.9 trillion package, there is a likelihood that a substantial amount of these funds will go to Bitcoin.'