As Bitcoin (BTC) continues to experience a bullish run all over the tech world, even other sectors are now adopting Bitcoin (BTC) and other cryptocurrencies. As per the latest reports, the cryptocurrency real estate sector in Europe and North America has now started picking up cryptocurrency technology.
Before real estate, there are tech and financial giants that had started investing in Bitcoin (BTC). Some of the major companies that have invested in Bitcoin (BTC) just recently include Tesla, Square, and MicroStrategy.
However, this time it is Condominium Company from Canada that has decided to go Bitcoin (BTC). The company has revealed its interest in investing in Bitcoin (BTC). The company has stated that they are planning to convert some of the cash reserves of the company into Bitcoin (BTC).
According to reports, the Canadian Condominium Company in Thornton Place Condominium Corporation is planning to go for Bitcoin (BTC).
Sources have confirmed that the real estate company has already gotten in touch with one of the crypto-exchanges to carry out the purchase. It is now confirmed that the Kraken cryptocurrency exchange will be processing the transaction on behalf of Thornton Place for Bitcoin (BTC).
As the world stepped into the year 2021, the cryptocurrency and Bitcoin (BTC) industries have gained a lot of rally and prominence. While the cryptocurrency industry continues to grow, the crypto-asset that has been constantly making headlines is Bitcoin (BTC).
Bitcoin (BTC) has turned out to be the most promising and reliable asset that mainstream institutions are seen investing in. Since the end of December 2020, Bitcoin (BTC) has been hitting all-time highs and has continued with this trend to this day.
In mid-March, Bitcoin (BTC) managed to hit an all-time high of $61.7k per BTC. As per analysts, this is just the beginning of the bullish run from Bitcoin (BTC) as it is going to go very far from the $60k figure. There are many analysts and bulls who have faith in the global prominence of Bitcoin (BTC).
As per them, Bitcoin (BTC) will manage to hit the $100k per BTC figure at the least by the end of 2021. There are many who have predicted that by the end of 2022, Bitcoin (BTC) will have crossed the $250k per BTC barrier easily.
Based on these speculations, many companies from around the world have started investing heavily in Bitcoin (BTC). Out of all the companies, the most prominent and widely discussed investments came from MicroStrategy and Tesla. Since the 3rd quarter of 2020, MicroStrategy has spent almost $2 billion in order to accumulate close to 100k BTC.
On the other hand, the announcement from Tesla of $1.5 billion worth of BTC resulted in the mainstream sector trusting more in the BTC bullish run.