Bitcoin Price 2021: 8 Big Companies Boosting BTC to $50K

The Bitcoin (BTC) price for 2021 is getting incredibly close to $50,000 as more major companies push the cryptocurrency higher.

Man holding a physical token representing bitcoin.

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Bitcoin is started to be accepted more by big companies and that’s fueling the price of the crypto in 2021. Let’s take a look at some major players that are investing in or interested in investing in bitcoin.

  • Of course, starting off we have to mention Tesla (NASDAQ:TSLA) and its $1.5 billion investment in bitcoin last week. The company is betting big on the cryptocurrency as CEO Elon Musk leads a Reddit army to invest in the meme cryptocurrency Dogecoin (DOGE).
  • Morgan Stanley (NYSE:MS) is also reportedly starting to take bitcoin seriously. A recent report claims that a $150 billion investment sector of the company is considering the cryptocurrency.
  • JPMorgan (NYSE:JPM) is another bank that is showing interest in bitcoin. The company’s co-president, Daniel Pinto, said he expects Wall Street to get involved as interest in cryptocurrencies continue to rise.
  • Bank of New York Mellon (NYSE:BK) is also planning to support bitcoin with offers to “issue, hold, and transfer” the cryptocurrency for its customers.
  • BlackRock (NYSE:BLK) is also among the investment companies that are now allowing for investments in bitcoin. The company revealed as much during a filing last month concerning bitcoin futures.
  • Galaxy Digital (OTCMKTS:BRPHF) is also a company that invests in bitcoin with 16,400 bitcoin in its possession.
  • MicroStrategy also fits into this with roughly 71,000 bitcoin in its vault.
  • Square (NYSE:SQ) caught the interest of bitcoin investors late last year when it joined its ranks with a $50 million investment in the cryptocurrency.

BTC was up 3.2% as of Tuesday morning.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.

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