This is an exciting time for Bitcoin investors and prospective investors, and this is correct. The price of a single Bitcoin has almost exceeded $35,000, and it is interesting how much the price has risen. According to many Bitcoin investors and experts, it will only rise, and this trend does not seem to slow down anytime soon. So, for Bitcoin and all those who wish to invest in popular and super lucky cryptocurrencies, what will happen in the New Year? Let’s take a look at the latest developments about Bitcoin.
Unlike the previous situation, in the past few months, the news surrounding Bitcoin has been cautious, and all topics related to Bitcoin have been about the widespread adoption of Bitcoin. This year, Bitcoin will continue its bullish momentum, and many celebrities have joined the many investors in Bitcoin. The newest investor in Bitcoin is nothing more than electric car maker Tesla.
According to the company’s annual report, Tesla has invested approximately $1.5 billion in Bitcoin. The move is part of the company’s alternative asset plan to invest in traditional stocks, real estate and gold. Tesla’s new interest in digital currencies shows that cryptocurrencies are always growing. In addition, Tesla has previously announced that the company will begin to accept cryptocurrency as a payment method for its fancy wheels in the near future.
Of course, Tesla’s pro-crypto stance has excited many investors and has the potential to increase Bitcoin’s popularity. Since the press release, the media has been buzzing, and Musk’s positive tweets on the future use of digital currencies have highlighted this. Needless to say, this is an excellent time to invest in Bitcoin, mainly because, Musk believes. However, leading electric car manufacturers are not the only entities supporting leading digital currencies.For more information, please visit bitqs.io
The digital payment processor PayPal also announced that it will allow its users to use Bitcoin to make payments through their PayPal accounts. This news from the payment processor means that users can now buy and sell the cryptocurrency using their PayPal account. This will make it easier for new and existing investors to use legal payment processing platforms like PayPal to conduct Bitcoin transactions.
However, despite the lack of federal regulations, PayPal is not the only payment processor that has shown interest in accepting Bitcoin transactions. Square also invested about $50 million in Bitcoin, which is another indicator that Bitcoin has been widely accepted.
The changing acceptance of Bitcoin is an inevitable indicator that more and more people are accepting the acceptance of cryptocurrencies, as well as many large companies that are accepting Bitcoin payments. The continued mainstream adoption of Bitcoin and other digital currencies will greatly increase the overall value of digital currencies, which is good news for all current and future Bitcoin investors.