It’s an exciting time for Bitcoin investors and would-be investors, and rightly so. The price of a single Bitcoin has almost passed $35,000, and it’s interesting how high the price goes. According to many Bitcoin investors and pundits, it is only going to go higher, and this trend doesn’t look like it’s going to slow down any time soon. So, what does the new year have in store for Bitcoin and all those who are looking to invest in the popular and uber-lucrative cryptocurrency? Let’s take a look at some of the latest happenings surrounding Bitcoin.
Unlike previously, where news surrounding Bitcoin was followed by a cautious tone, over the previous months, all talk revolving around Bitcoin is all about widespread adoption. This year Bitcoin is going to continue its bullish run, with many big names getting added to the long list of investors in Bitcoin. The most recent investor in Bitcoin is none other than the electric car manufacturer Tesla.
According to the annual report released by the company, Tesla has invested around $1.5 billion in Bitcoin. The move is part of the company’s initiative to invest in alternative assets to traditional stocks, real estate, and gold. Tesla’s newfound interest in digital currencies is an indicator that crypto is on the rise for good. Furthermore, Tesla had also previously announced that the company is going to start accepting cryptocurrencies as a form of payment for their swanky wheels in the not-so-distant future.
Of course, the pro-crypto stance of Tesla has got many investors excited and is likely to increase Bitcoin’s popularity. Media outlets were buzzing ever since the news broke out, which were underlined by Musk’s positive tweets on the use of digital currencies in the future. It goes without saying that it’s a great time to invest in Bitcoin if you haven’t already, mainly because, Musk thinks so. But, the leading electric car manufacturer is not the only entity that’s backing the leading digital currency. For more information you can visit bitqs.io
PayPal, the digital payments processor, has also announced that it will be allowing its users to pay with Bitcoin via their PayPal accounts. This news from the payments processor means that users can now buy and sell the cryptocurrency with their PayPal accounts. This will make it even easier for new as well as existing investors to trade in Bitcoin using a legit payments processing platform such as PayPal.
But, PayPal is not the only payments processor that has shown interest in accepting Bitcoin transactions, despite the lack of federal regulations; Square has also invested around $50 million in Bitcoin, which is yet another indicator of Bitcoin’s widespread acceptance.
The changing landscape of acceptance when it comes to Bitcoin is a sure-fire indicator that more and more people are showing acceptance towards the cryptocurrency, along with many large businesses that are now accepting payments in Bitcoin. The ongoing mainstream adoption of Bitcoin as well as other digital currencies is going to be a major boost to the overall value of digital currencies, which is good news for all current and future Bitcoin investors.