Tesla, Bitcoin and the crypto space: The show Musk go on? Experts answer
Here’s what crypto and blockchain industry experts think about Tesla’s recent $1.5 billion investment into Bitcoin. Go to Source Powered by WPeMatico
Tesla
Auto Added by WPeMatico
Bitcoin mania ‘not a fad,’ says Wedbush analyst
Dan Ives, Wedbush Securities’ managing director, believes BTC is on the cusp of a much bigger adoption story. Go to Source Powered by WPeMatico
Microsoft has no plans to make Tesla-like move into Bitcoin, says president
Microsoft president Brad Smith did not exclude the possibility of the company putting Bitcoin on its balance sheet one day. Go to Source Powered by WPeMatico
Survey finds 5% of corporate CFOs plan to buy Bitcoin in 2021
More than 70% of financial executives surveyed are closely watching what everyone else is doing with Bitcoin before they decide on investing their companies’ cash reserves in it. Go to Source Powered by WPeMatico
Mexican Companies Are Willing to Join the Bitcoin Bandwagon in the Wake of Tesla’s Investment, Says Expert
Bitcoin-buying frenzy among major companies could hit Mexican firms soon, as interest keeps increasing across the country. An expert is expecting that local businesses will follow the same path as mainstream U.S.-based companies such as Tesla. Current Bitcoin Performance Could Make Companies Rethink Their Business Models During an interview with El Economista, Mauricio Hurtado, managing … Read more
Bitcoin Snaps Back After Slight Dip, Current BTC Chart ‘Is Near Identical to August 2017’
Digital currency prices are on the move again, after tumbling a hair downwards during Sunday evening’s trading sessions. On Sunday the price of bitcoin dropped -7.64% after touching a lifetime price high at $49,715 and then slid to $45,915. As trading sessions entered into Monday, BTC has regained some of the losses as it jumped … Read more
Institutional adoption underscores urgency of clear crypto rules, says Hester Pierce
Regulatory clarity in the crypto industry is needed now more than ever, per one official. Go to Source Powered by WPeMatico
US Government Won’t Allow Corporates to Keep Replacing Dollars With Bitcoin, Warns Investment Advisor
Dan Nathan, the founder of Risk Reversal Advisors, says that the U.S. government will not keep allowing corporations like Elon Musk’s Tesla to replace dollars with bitcoin. They won’t “let the dollar fall away from being the reserve currency for the world,” which could happen if corporations keep replacing dollars in their balance sheets with … Read more
El Español Says Spanish Authorities Joint Statement Is a Warning to Companies in the Wake of Tesla’s BTC Buy
The Spanish financial markets watchdog and the country’s central bank criticized — again — cryptocurrencies as an investment asset. The entities issued a joint statement warning about the high risks the cryptocurrency market poses. Document: Crypto Adoption as a Payment Means ‘Is Still Limited’ Per the paper, the Bank of Spain and the National Securities … Read more
Bitcoin goes mainstream as institutions hold 3% of BTC’s circulating supply
The growing appetite of institutional investors means companies now hold more than 460,000 BTC, which is 3% of the total supply in circulation. Go to Source Powered by WPeMatico