Quote:
Originally Posted by Idigmygirls
Just because I'm bored on a Saturday afternoon, I thought I'd add some insight. But first, anyone know of news that is driving this latest surge in BTC? All I could find was that LL Cool J was starting a crypto fund. I mean, he is the executioner, but not sure that's enough to have ignited this rocket  ... |
Today my question got answered. The "news" was that Elon Musk was in the process of buying $1.5 billion in Bitcoin for Tesla. That news was made public today. Now the run up makes sense.
And now that he has made it ok for large corporations to store some of their cash reserves in Bitcoin, I expect many others quickly to follow suit. This is likely the driver to bring BTC to the $100k mark this year.