Additionally, it also helped that Microstrategy (NASDAQ:MSTR) and Square (NYSE:SQ) were also big buyers. For instance, when he and Tesla reversed course a few weeks later and said the automaker wouldn’t accept Bitcoin payments due to the crypto’s environmental impact, it didn’t sit well with BTC. With billions of dollars floating around at low interest rates and inflation on the rise, it’s hard to blame corporations that allocate a small percentage of their current assets to this space.