The cause of the recent Bitcoin price hikes

[exstasie]

The company actually ended up buying more Bitcoins according to the CEOs tweet. He bought $50 million dollars worth of BTC at a price of $19500. So basically he pretty much bought the top. His average is still like $11500 or so even with the $19500 compounding, since his new addition only accounts for an extra 10%. So I guess I was incorrect in assuming he would take partial profits at $19500 when in fact he decided to add more to his holdings.

I knew they wouldn't be selling. Saylor made that really clear in an interview 2 months ago:

Saylor told Pal that many people believe he has weak hands, saying “Ya, Saylor’s going to buy it and he’s going to dump it. He’s going to buy it and then buy another company with it. He’s going to buy it until he gets this profit and do whatever.” But in reality, he isn’t going to sell it, explaining that he is in it for the long haul:

“They don’t understand the mindset of long. I’m buying it for the dude that’s going to work for the dude that’s going to get hired by the guy who takes over my job in 100 years.”

https://cointelegraph.com/news/michael-saylor-claims-the-company-will-hold-bitcoin-for-100-years

Whether you believe they're going to hold for 100 years or not, they definitely aren't buying for short term speculation. They are buying and holding.

[target]

Apart from the coin they bought in September, they recently announced that they have bought again worth $50M worth of BTC just yesterday . Micheal Saylor must have been serious about holding BTC for a very long time.

If the resistance on $20K still stands and the price dips back to $14k like what speculators said, Microstrategy will likely be going to see it as a buying opportunity again.

[BuNga_cute]

I believe that a large quantity of Bitcoin purchases can make the Bitcoin price go up. So regarding the news that Coinbase bought
Micro Strategy $ 425 M worth of Bitcoin can indeed increase demand for Bitcoin. And finally Bitcoin can continue to increase in price,
but there are other things that make the price of Bitcoin reach an all time high price this year. Among others, Paypal accepts cryptocurrency,
several large companies began to be interested in Bitcoin and many billionaires who ended up investing in Bitcoin. The accumulation of
positive things has finally made the price of Bitcoin pump, I even believe that by the end of this year Bitcoin can rise to a price of $ 22,000.

[RealMalatesta]

I think coinbase is strong enough that the point of attack towards them would really hurt bitcoin and its price, I was afraid of what it could do when we are talking about this much money but it is not really just about the amount, it is about the name and that name recognition means something to crypto world.

So, I assume when people talk about how insignificant the amount must be, they are forgetting one thing, it could have been 40 million or 400 million or 4 billion and it wouldn't really change the topic, the topic is about coinbase being the spear head for these type of big deals and as long as they keep doing it we can feel at ease with the fact that someone can buy 10 dollars worth of bitcoin from them or 400 million dollars from them ad we are all the same in crypto world.

[cytpoway121]

Coinbase bought MicroStrategy's $ 425 million worth of Bitcoins in September 2020, which spiked the price of BTC, whether Bitcoin is hitting the next new high.

I do not think that a single news would cause a spike just like that; if you follow details, updates, you would notice that for almost 2 months now the blockchain and crypto currency has been building hypes; with Paypal letting its platform users to buy and sell crypto currency easily on paypal; to etherum 2.0 incoming; and also with new sets of bitcoin and crypto currency investors; the increase in price was fundamentally bound to happen. Only the longevity of the bull run is unpredictable which is why it is advisable to hodl for the foreseeable long term or take profits.

[kentrolla]

There are several factors for the pump in BTC, many of the corporate companies involved in buying and the American election also there was a lot of demand because of hype.

Many of them are still interested to buy but they are afraid of what happened in 2017,  anything can happen from now as the price is already high if in case some big whales start to sell in bulk definitely it will impact BTC price.

[davinchi]

Everyone offers one or the other and I doubt that it is just one of them. It is obvious that everything plays a big role in crypto and we are in a situation where all of it matters. For example, if I were to make a great purchase right now, in tune of 100 million dollars let's say, that will definitely make bitcoin go up a bit, maybe a lot if many people join me, but it will not be the only reason, whatever happened before I made that purchase and whatever will happen afterwards will play a big role as well.

This is why I really care about all the news that comes regarding crypto, because every single of them made bitcoin go up, whenever it goes down those news also made it go down, you selling your 100 dollar worth btc matters too, this is a whole community thing and each single move matters.

[Reatim]

Everyone offers one or the other and I doubt that it is just one of them. It is obvious that everything plays a big role in crypto and we are in a situation where all of it matters. For example, if I were to make a great purchase right now, in tune of 100 million dollars let's say, that will definitely make bitcoin go up a bit, maybe a lot if many people join me, but it will not be the only reason, whatever happened before I made that purchase and whatever will happen afterwards will play a big role as well.

Yet it is about the News and the factor of mentioned above that's why You will invest,because if the market did not bullied surely you will not Invest that 100Million of yours.
This is a Domino effect of the previous News and Progress so we are following their steps to make it more valuable.

This is why I really care about all the news that comes regarding crypto, because every single of them made bitcoin go up, whenever it goes down those news also made it go down, you selling your 100 dollar worth btc matters too, this is a whole community thing and each single move matters.

I tend to disagree mate because not all news are valuable and need to take in place,there are some Media exposure that is not appropriate for the community to believe or even learn because those news are being Paid Shill or Fud for the sake of Money.

[tbterryboy]

Everyone offers one or the other and I doubt that it is just one of them. It is obvious that everything plays a big role in crypto and we are in a situation where all of it matters. For example, if I were to make a great purchase right now, in tune of 100 million dollars let's say, that will definitely make bitcoin go up a bit, maybe a lot if many people join me, but it will not be the only reason, whatever happened before I made that purchase and whatever will happen afterwards will play a big role as well.

This is why I really care about all the news that comes regarding crypto, because every single of them made bitcoin go up, whenever it goes down those news also made it go down, you selling your 100 dollar worth btc matters too, this is a whole community thing and each single move matters.

I also think all these big companies CEO's buys it for themselves as well. I mean look at the situation right now, doesn't it look like it is going to a level where it will be a big corporation thing? Some companies are getting into crypto like it is not a big deal and they are doing a stock situation like always, and I feel like these companies getting into crypto without any fear means that CEO's must be getting involved as well.

That really means only one thing , there is more money involved from those companies than what we see from the corporation purchases we know about. Probably a lot less, because they probably can't afford to get in this much, but still tens of millions of dollars from unknown sources goes into crypto as well.