The market is now pricing in a high likelihood that many other corporates will copy Tesla. Bitcoin could rally further as the market anticipates a pick up in corporate demand prodded on by Tesla’s major investment in the cryptocurrency.
“Prices can fly very high, I expect other heavyweights to follow suit,” trader and analyst Alex Kruger told CoinDesk over WhatsApp, referring to Tesla’s bitcoin (BTC, +17.85%) purchases made earlier this year.
