When a business person invests in some medium then obviously there will be a limelight and their chances of value escalation may be high. Also many financial institutions may research their future worth.
Likewise the most inspiring CEO of Tesla, Elon Musk has invested in cryptocurrencies. This is not his first time to get invested. But again he has invested 1.5 billion worth on cryptocurrencies.
As well as when he tweeted the hashtag #Bitcoin the price of the coin surged up. Later he removed the hashtag.
Recently he invested in Dogecoins for his toddler. Also mentioned that when major coin holders sell most of their coins it will get my full support, because most of the concentration is the only issue.
Also the price of Dogecoin rose 9% higher after it dropped down.
Most importantly, Elon has decided to include crypto payments on his company. Like accepting the crypto coins instead of FIAT
All these shows that cryptocurrency has a better fortune. Many countries have made crypto coins legal and so the investment is getting surged up.
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