After another breakout of the $40,000 limit, only 48 hours were enough for bitcoin to bounce to a new record…

Bitcoin has set a new historical maximum at $48,216. And whenever something like this happens, questions are asked: Why such a jump and how long will it grow? Let’s try to answer.

We have a whole range of answers to the first question. This time there are several reasons:
1. Institutional demand on the rise
2. Market expectations of a new wave of stimulus checks
3. Elon Musk through Tesla invests $1.5 billion more in BTC


And this time you don’t have to choose – they probably all influenced this growth in synergy. It is clear that financial institutions finally understand the full potential of bitcoin. Michael Saylor, director of the hedge fund MicroStrategy, was the first to appear in public, stating that his fund bought bitcoin worth almost half a billion dollars in the summer of 2020. Then came the leaked report from the City Bank, in which their analyst estimated that bitcoin could go up to $318,000 by the end of 2021. All this has a clear connection with the second reason – the FED has openly stated that it will print dollars without restrictions. This means that the mass of the dollar will be wildly increased once again through various stimuli, and that means a big growth of bitcoin.

The third reason is self-evident, but it is also significan as the announcement of Elon Musk’s entry into bitcoin manipulations. Let’s not forget that he is a master who by naked manipulation increased the value of his property more than four times during the 8 ‘crisis’ months in 2020! When such a fraudster, free from any shame enters the game, you can expect that all his potentials will be directed towards increasing the value of the invested amount.

Of course, it is not excluded that new reasons will appear, which we cannot guess at this moment. Therefore, it is hard to tell where will be the peak of this hyperwave. My loose prediction would be that we are not at the half-way to the peak yet. So keep an eye on bitcoin prices:

We are waiting for the breakout of а psychological limit $50,000…