Bitcoin rises after report says early Facebook investor Peter Thiel buy bitcoins

[stashi]

read this, "If bitcoin ends up being the cyber-equivalent of gold it has a great potential left," which means he wants to keep the rat race on! lesser the supply more the demand and higher the valuation. Will it be possible when hundreds of altcoins flood the crypto economy? what bitcoin has to do differently to maintain its marquee? any expert view pls

[BountyX]

This is really a good news. These people rarely do wrong investments, also because the news that they are investing is in itself making an asset popular and successful, since they are opinion leaders. Good things ahead for cryptos.

[bitbunnny]

Every now and then some article or announcement like this appears but I don't think this actualy influence the price significantly. Bitcoin price is a bit more complex and no matter how unstable it is and how easy changes this doesn't have direct influence.
But it can affect some users to take the actions like buying or selling depending on the news.

[ldah94]

Other well known investors to opt for bitcoin recently include bill Miller, who told reporters in mid-December that 50 percent of the money from your hedge fund reversed in cryptocurrency leader. the launch of future of bitcoin in two large bags US, last month, has also brought more investors conventional market cryptocurrencies.

[sofi@]

Social media really makes a lot of difference when it comes to popularity of bitcoin and because people get interested about it after seeing the news in the social media demands on bitcoin increases that's why the value of bitcoin also rise. Another thing is that bitcoin fluctuates from time to time and this may also be the reason of sudden increase or decrease in bitcoin price

[werner52911]

At the moment the BTC rate is in a sideways movement.
But you also notice the mainstream news that the BTC has arrived in high finance. If Lightning is activated that will push the value again.
Further major investors will follow.