SpaceX Don Pass $1B for Bitcoin with 8,285 BTC Holdings
SpaceX don collect 8,285 Bitcoin since January 2021, e con make their Bitcoin holdings pass $1 billion wen price reach record high on August 13. This one put SpaceX for the same level with Tesla wey hold 11,509 BTC (about $1.42 billion). Dis move show say many big companies dey start use Bitcoin, as dem dey find way to diversify their treasury, protect from inflation, and save value. Big holdings from SpaceX and Tesla dey make market more steady, help price balance, and make crypto sector get more respect. For traders, the steady corporate demand fit make supply tight and keep Bitcoin prices dey rise, which fit give chance for short-term trading plus long-term investments.
Bullish
SpaceX big big buy of 8,285 BTC and im $1 billion valuation for record price show say institutional demand for Bitcoin still dey strong. This one dey reduce di circulating supply and e dey ginger traders to dey bullish. Short term, tight supply from corporate treasury fit support price jump and make volatility low, which fit bring better trading chance. Long term, bigger confidence from SpaceX and Tesla big holding fit make more institution money enter and hold up better market trend for Bitcoin.