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Apr 1, 2021 20:01 GMTCrypto News
Bitcoin price closes with the best March and Q1 since 2013.
Visa and Paypal expand commitment to BTC.
New Morgan Stanley funds can hold up to 25% BTC exposure.
Bitcoin price with 440% returns over the last six months, 108% in Q1, and almost 30% this month reflect the evolution of BTC from a speculative asset to a means of payment and a store of value for individual and institutional investors. The critical question becomes whether Bitcoin price already reflects this commitment and optimism.
Bitcoin’s increasing dependence on institutional money and adoption is long-term bullish
For a bit of background, Tesla recently introduced the ability to purchase automobiles with BTC, payment processing leader Visa announced the full integration of the USDC stablecoin into their payment system, and PayPal will now offer clients the ability to instantly convert their Bitcoin, Ethereum, Litecoin, or Bitcoin Cash to US dollars that PayPal then uses to pay