Bitcoin Broke A New Record!

Bitcoin broke a new record! The leader of the cryptocurrency world jumped to $ 49,400.

Bitcoin (BTC), the leading unit of the crypto market, has managed to set an all-time record despite the consolidation seen in the Ethereum (ETH) price. Leading crypto Bitcoin (BTC) has settled on its new peak after spending most of the past week at around $ 47,000.   Institutional Companies are the Big Factor in Bitcoin's Rise The world's leading companies play a big role in Bitcoin's rise with the new decisions they make. In a statement last Monday, electric vehicle manufacturer Tesla announced that it holds a substantial portion of the Bitcoin it purchased to maintain its cash position and provide liquidity at the point of accepting BTC payments. Raoul Pal, CEO of Real Vision, stated that the emergence of institutions such as Tesla will create an iterative feedback loop that will increase the demand for Bitcoin. To explain with an example; The news that Tesla bought Bitcoin to diversify its cash portfolio brought along discussions with other companies in the US about cryptocurrency. Twitter's finance manager revealed in a recent CNBC interview that they are looking at Bitcoin and even paying the salaries as a cryptocurrency. According to the statements of famous cryptocurrency analyst PlanB, Bitcoin still has a place to go up before it undergoes a correction.