While the naysayers continue to wish for the so-called “Bitcoin bubble” to burst, the premium cryptocurrency continues to scale to new heights, seemingly with each passing day. For example, within the same week of Tesla (NASDAQ:TSLA) announcing its foray into the crypto market, Bitcoin (BTC) proceeded to surge by almost $10,000.
And even though the market subsequently faced a correction, things took a turn for the better as soon as news broke that BNY Mellon (NYSE:BK), the United States’ oldest private bank, entered the crypto fray, sending the largest digital currency by total market capitalization on an upward trajectory once again.