Bitcoin has been making a lot of people in the crypto space nervous these days – Elon Musk’s tweets ended up dragging BTC’s price down.
On the other hand, regardless of the market manipulation, the adoption of Bitcoin and digital assets is going great.
CNBC learned that Bitcoin could be taking another massive step towards the mainstream adoption in 2021.
It’s been revealed that the customers of some US banks will be able to buy, hold and sell BTC via their already existing accounts, says crypto custody firm NYDIG.
Bitcoin’s momentum is still here
Amidst the whole fuss that Elon Musk created in the crypto space, analyst Plan B is still optimistic.
Check out his recent tweet below:
OK moving on .. with current volatility, BTC at $44K and transaction volumes high, #bitcoin momentum (200 Week Moving Average and Realized Value) is still up and onward. pic.twitter.com/PuJfozdWim
— PlanB (@100trillionUSD) May 17, 2021
A folower posted this: “I think it’s a few things that happened around the same time. Elon Tweet, Pipeline Hack Crypto Ransom, Meme coin craze/Vitalik donating $1b Shiba, Binance investigation… it’s just Elon is most popular but it’s not just him.”
Someone else posted this message: “With everything happening in the space via Musk, Portnoy, Cuban, Doge, BTC PA, etc and looking at this chart – I’m starting to think we’ve seen the top for this cycle. It’s okay. Arrived earlier than I thought. Keep on stacking and we look fwd to the next one.”
The response came right away: “If you think this is the top, I’ll buy what you you own, because I guarantee we are not even halfway to the top. You can take the fiat and wait for the bear market.”
At the moment of writing this article, BTC is trading in the green and the king coin is priced at $45,204.00.
