Nik Bhatia: Why $ 1 Million In Bitcoin Is Coming

Nik Bhatia: Why $ 1 Million In Bitcoin Is Coming

Bitcoin is officially mainstream. By the end of the last mega-bull market in 2017, most countries around the world had heard of Bitcoin. But after Tesla recently bought $ 1.5 billion for its corporate treasury and not for a speculative research and development pocket, those who still thought bitcoin was a fad have exposed themselves as woefully underinformed.

Tesla’s purchase even props something up more dramatic than to integrate bitcoin as a legitimate monetary substitute for the world’s largest commercial, financial and government institutions. These sudden surges in demand, including a handful of recent purchases fueled by MicroStrategy’s bond issuance, are having an extreme impact on bitcoin …

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