In the past 24 hours, bitcoin has been gradually climbing once again. There have been several dips but overall bitcoin is getting closer and closer to hitting $60,000 mark, another all-time high. While there could be various factors why bitcoin is gaining more strength lately, but here are some that I think are the main catalysts at this point.
1. Individual investors are throwing in their tax return money into bitcoin and other cryptos.
2. More and more institutional investment on bitcoin and other cryptos.
3. The likelihood of getting another stimulus check soon.
4. Inflation fears
Bitcoin is still considered a speculative and volatile investment; however, people's perceptions towards bitcoin are changing favorably as time passes by.