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Bitcoin => Bitcoin Discussion => Topic started by: Nickbryan10 on May 04, 2021, 11:48:17 AM



Title: Is Incorporating BTC the way forward for most companies?
Post by: Nickbryan10 on May 04, 2021, 11:48:17 AM
Tesla’s first quarter earnings report released on Monday showed that the company sold off 10 per cent of its Bitcoin holdings. It made $272m in proceeds and $101m in profit from Bitcoin.

The car maker made more money from Bitcoin than car sales. Tesla’s profits hit $438m with nearly a quarter of that earning coming in Bitcoin sale.- "punch"


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: thesmallgod on May 04, 2021, 12:03:39 PM
Maybe you mean incorporating blockhain technology. Except you are referring to making bitcoin a payment option. Depending on what the case may be. Blockchain technology is evolving and alot of public and private firm have adopted this technology in solving most of their challenges and keeping up with what is in vogue. With the advent of decentralized finance, it makes financial services more convenient and easy to access.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: DaveF on May 04, 2021, 12:12:06 PM
As with a lot of businesses with cash on hand it's another investment. Sometimes you get lucky sometimes you don't.

Years ago Southwest Airlines made more money with their fuel futures purchase then they did flying people around.
Now that new IP4 address space is exhausted there are internet providers and other tech companies making more money leasing their address space then they do with the rest of their business.

If BTC had been doing a slow steady climb instead of the quick jump that it did, this and all the other discussions about Tesla holding BTC would not be happening.

-Dave


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: cr1776 on May 04, 2021, 12:14:08 PM
Tesla’s first quarter earnings report released on Monday showed that the company sold off 10 per cent of its Bitcoin holdings. It made $272m in proceeds and $101m in profit from Bitcoin.

The car maker made more money from Bitcoin than car sales. Tesla’s profits hit $438m with nearly a quarter of that earning coming in Bitcoin sale.- "punch"

Pretty much anyone who has bought and held (or mined and held) - although the Tesla purchase/sale portion was more of a trade - for any length of time has done great.  So yeah, smart companies are replacing some of their inflationary fiat with bitcoin.  


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: wack slacker on May 04, 2021, 05:07:16 PM
I think Bitcoin will choose to invest rather than choose to pay because not businesses all over the world can accept Bitcoin because regulations are different in each country.
Investing in Bitcoin is risky for any business so I think only large businesses and diverse ecosystems will choose Bitcoin.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: Poker Player on May 05, 2021, 07:01:00 AM
Well, that's what Saylor is saying: that in the current environment, companies should replace most of their cash for bitcoin and only leave the minimum cash necessari for everyday functioning. whether he is right or wrong, time will tell. But it seems quite logical in view of the massive fiat printing and Bitcoin's price history (as well as its fundamentals).


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: hector3115 on May 05, 2021, 09:00:39 AM
It depends on the company, their line of work, and I think that not all companies should use crypto.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: Obito on May 05, 2021, 09:21:47 AM
If you are talking about payment system or payment option then probably it isn't not yet the time because the adoption isn't that big yet so they don't have any merit adopting early besides occasional purchase with bitcoin but that's about it but it will change when the adoption goes faster and continues to grow and more people adopts it.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: dark1234 on May 05, 2021, 10:04:17 AM
companies that actually use cryptocurrency technology are still not fully used, while as it is said, they are only still within the investment limit, not the open use of digitalized money in the company's system


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: big kid on May 05, 2021, 10:48:07 AM
Well it's a good way but not all companies need it. I think small companies should considers supporting sales with altcoins. At least now i see that as inevitable way of progress.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: elda34b on May 05, 2021, 11:07:18 AM
They're just here for money. When the bear market hit they'll stop promoting it, then buy it again on the next wave and encourage retails to spend their money for them. That's the cycle, it's how they play the game.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: cryptomaniac_xxx on May 05, 2021, 11:08:59 AM
At least you should have posted your source, because this is a blatant copy and paste, against the forum rule, and this is a ban-able offense:

Source: https://punchng.com/tesla-makes-more-profit-from-bitcoin-than-car-sales/

Quote
Tesla’s first quarter earnings report released on Monday showed that the company sold off 10 per cent of its Bitcoin holdings. It made $272m in proceeds and $101m in profit from Bitcoin.

The car maker made more money from Bitcoin than car sales. Tesla’s profits hit $438m with nearly a quarter of that earning coming in Bitcoin sale.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: TastyChillySauce00 on May 05, 2021, 11:42:34 AM
Depends, by incorporating BTC you could open up to a whole new userbase while also make huge profit from it but doesn't necessarily mean a company should incorporate it to go forward and i'm pretty sure not all company could take the risk of investing in BTC because it could potentially mess up with their company economy since as we all know crypto is high risk high return but a technology company should definitely incorporate it. Investment wise, it's still worrying but technology wise, cryptocurrency is really good for the company.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: dkbit98 on May 05, 2021, 12:17:33 PM
Sure, Tesla and few other companies purchased Bitcoin and everything is nice and happy when Bitcoin is going up in this bullrun but what happens during the bear market when bitcoin price goes down?
Anyone who is in crypto market for few year or longer knows that everyone will start to trashtalk Bitcoin, fud and call it dead again, but that is perfect time for companies to invest and buy more BTC.
I don't expect many companies will decide to buy BTC now but they can still decide to accept it as payment option that will help better adoption, and wait for dips to buy it.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: kryptqnick on May 05, 2021, 01:35:38 PM
I think it means companies can get a boost with their Bitcoin investments, and then they'd have more resources to manufacture cars or do whatever they specialize in. But it should be kept in mind that Bitcoin is profitable temporarily, and it can always go down. So companies shouldn't go all-in with Bitcoin because this can end badly for them.
I also want to point out that investing in Bitcoin isn't exactly incorporating it IMO because it's not like Bitcoin becomes an integral part of anything the company does. Accepting Bitcoin as payment for their products or allowing employees to be paid in BTC are bigger steps than simply buying BTC and then selling it when the price is higher.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: Darker45 on May 05, 2021, 02:03:31 PM
Tesla incorporated Bitcoin in their company when it started accepting Bitcoin as payment. However, I don't think its sales have significantly increased, if at all, only because they opened such option to their clients. I don't even think they have sold more than a handful of units using Bitcoin as payment.

It was a wise decision because the company has some extra cash laying around. That cash was unproductive, depreciating even. It was better for that cash to be providing passive ROI and Bitcoin was the best option. But what made it a wiser decision was that Tesla was a very influential company that deciding to buy Bitcoin was interpreted as a very bullish signal. For a lot, it was definitely a cue to buy. That propelled the price very quickly.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: cr1776 on May 05, 2021, 02:30:32 PM
Well it's a good way but not all companies need it. I think small companies should considers supporting sales with altcoins. At least now i see that as inevitable way of progress.

Most of the alts are just get rich quick schemes for some people without the security bought by the market value of bitcoin.  There are a few that have a purpose, but aren't as distributed and don't have the security.  I can at least understand why someone might use some of them.  Small companies should do the same thing as big ones:  whatever is best for the owners/shareholders. 


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: Kabul on May 05, 2021, 02:38:37 PM
No necessary. More than 90% of companies do not incorporate bitcoin. They do not see any benefit from integrating bitcoin in their network. On the other hand, Tesla just seize the opportunity and make a quick profit from buying then selling bitcoin. I just want them to focus on producing more car that can change the world. Crypto will reshape the Internet while Tesla make a revolution in the real life


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: kojektea on May 05, 2021, 02:44:38 PM
Tesla’s first quarter earnings report released on Monday showed that the company sold off 10 per cent of its Bitcoin holdings. It made $272m in proceeds and $101m in profit from Bitcoin.

The car maker made more money from Bitcoin than car sales. Tesla’s profits hit $438m with nearly a quarter of that earning coming in Bitcoin sale.- "punch"

Elon Musk has a huge influence on bitcoin it is very natural that in the future technology-based companies will soon follow in Elon Musk footsteps, It's simple they will surely also know how potential a bitcoin is today, We will certainly see bitcoin much loved by many companies in the next few years.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: NelfiNovita on May 05, 2021, 03:22:27 PM
actually very profitable for companies that store bitcoin because they will benefit very much from bitcoin. at this time we can see an example of a company that has taken advantage of bitcoin, namely the Tesla company, recently they have taken 10% profit from the bitcoin they have, they are very lucky because they have bought bitcoin.
if other companies also buy bitcoin they will definitely benefit like the Tesla company, besides that the price of bitcoin will also be even more expensive because of the very large purchases of bitcoin on the crypto market.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: Kamarah on May 05, 2021, 10:15:00 PM
We cannot deny the benefits that block chain brings. It helps a lot of companies to manage their data, records and books very well. Investors and managers have entered the world of crypto. And companies gradually accept Bitcoin payments and investments. You can buy a car and pay with Bitcoin.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: dikistutmazsabri on May 05, 2021, 10:38:18 PM
It is a very nice and beneficial behavior for big companies to accept and invest in bitcoin. The reason is that big companies investing in a digital currency such as bitcoin or accepting it as a payment method ensures that bitcoin has started to gain a place in the world, be recognized by more people and its value increases. In fact, big companies should invest in blockchain technology rather than bitcoin. because this infrastructure can work for everyone.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: jerrison on May 05, 2021, 11:25:06 PM
I am stil wondering why loads of companies will be delaying in terms of addding crypto to their paymetn structure,  i understand that the space is volatile and all of that but if they so not want to pay in assets like bitcoin then they can either adopt  a project or tokenize their project so as to pay people in the native currency.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: CaVO32 on May 05, 2021, 11:49:18 PM
I am stil wondering why loads of companies will be delaying in terms of addding crypto to their paymetn structure,  i understand that the space is volatile and all of that but if they so not want to pay in assets like bitcoin then they can either adopt  a project or tokenize their project so as to pay people in the native currency.

Maybe most of them don't know yet how to deal with crypto, bitcoin in particular. Because for new users, it is not easy to get oriented with crypto and some of them don't have time to understand what it is needed to utilize crypto in their payment method. But I am guessing, some of them are already looking into this option, now that crypto or bitcoin is somehow getting attention to top companies. They need time to fully integrate crypto in their payment system.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: Shasha80 on May 06, 2021, 12:45:48 AM
Tesla’s first quarter earnings report released on Monday showed that the company sold off 10 per cent of its Bitcoin holdings. It made $272m in proceeds and $101m in profit from Bitcoin.

The car maker made more money from Bitcoin than car sales. Tesla’s profits hit $438m with nearly a quarter of that earning coming in Bitcoin sale.- "punch"

Tesla can be a role model for other big companies to invest in Bitcoin, because Tesla proved that investing in Bitcoin is very profitable.
I am sure that the earnings report released by Tesla will certainly attract many other companies. I believe in the near future there will be
several other companies following in Tesla's footsteps, so we will see the price of Bitcoin can jump very high if there are indeed several
other large companies investing in Bitcoin.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: hulla on May 06, 2021, 01:24:46 AM
It wrong to say Tesla sold 10% of their Bitcoin holding cause it impossible for the public to know the total amount of Bitcoin Tesla is holding because Tesla now accept Bitcoin as payment which serves as a way for them to increase their holding and the last time I check, we can only know their initial Bitcoin accumulation before they accept Bitcoin as payment.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: meetthechallenge on May 06, 2021, 01:38:24 AM
They're just here for money. When the bear market hit they'll stop promoting it, then buy it again on the next wave and encourage retails to spend their money for them. That's the cycle, it's how they play the game.

Hopefully this game being played does not deter people from seeing the real utility behind bitcoin. It's unfortunate that some willing parties will be turned away after getting duped by the cash grab.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: maxreish on May 06, 2021, 01:40:22 AM
For companies like Tesla, having bitcoin investments will help the company grow and attract more investors. As for the other companies who are also adopting the new hype and new kind of investments, it is also their advantage to use it the blockchain technology within their system. There are a lot of companies that are successful purchasing bitcoin and allowing crypto payments to their system.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: GreatArkansas on May 06, 2021, 02:19:32 AM
As far as I know, Tesla did a "Liquidity Test". Something like that, Elon somehow mentioned that in one of his tweets before when Tesla sold some amount of Bitcoin, because of liquidity, instead of using cash.
In terms of Bitcoin profits instead of their company itself, it's really good since that Bitcoin itself is just their investment which included on their balance sheet, so overall, it's good for all companies that got Bitcoin on their balance sheets, just like Microstategy.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: Nivia1st on May 06, 2021, 03:56:50 AM
Tesla’s first quarter earnings report released on Monday showed that the company sold off 10 per cent of its Bitcoin holdings. It made $272m in proceeds and $101m in profit from Bitcoin.

The car maker made more money from Bitcoin than car sales. Tesla’s profits hit $438m with nearly a quarter of that earning coming in Bitcoin sale.- "punch"

Tesla can be a role model for other big companies to invest in Bitcoin, because Tesla proved that investing in Bitcoin is very profitable.
I am sure that the earnings report released by Tesla will certainly attract many other companies. I believe in the near future there will be
several other companies following in Tesla's footsteps, so we will see the price of Bitcoin can jump very high if there are indeed several
other large companies investing in Bitcoin.

Tesla is a company that is openly investing in bitcoin. because this company many other companies are considering taking part in bitcoin. Tesla is also living proof that institutional investors are so welcome, they can power a bigger pump.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: famososMuertos on May 06, 2021, 04:21:35 AM
Manufacturing will never cease to exist, investment businesses have always allowed companies to diversify, the sale of those shares is to demonstrate that there is profitability with bitcoin. Tesla sells cars, investors who put money in Tesla, did it for that, but at the end of the day (or fiscal year) they are only interested in their earnings.



Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: Lorence.xD on May 06, 2021, 05:17:12 AM
For companies like Tesla, having bitcoin investments will help the company grow and attract more investors. As for the other companies who are also adopting the new hype and new kind of investments, it is also their advantage to use it the blockchain technology within their system. There are a lot of companies that are successful purchasing bitcoin and allowing crypto payments to their system.
Well, they are still underperforming despite buying bitcoin and selling bitcoin in profits. The problem with incorporating is that they are probably going to have a meeting and disagreement with the board whether they should integrate bitcoin or cryptocurrency as a payment system. Progress only moves forward and the companies that are going to ignore it is going to get left behind.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: Alucard1 on May 06, 2021, 07:22:31 AM
Investing in bitcoin is really great decision for the Tesla company, they have earned huge profits from investing in it to the point that it reaches the amount of salary they have earned from selling cars. I think this would trigger some other big companies to invest as well in bitcoin, good thing for Tesla because they are the first big company who have invested with bitcoin and it really gives a good result for them, as they have sold 10% of their bitcoin.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: noorman0 on May 06, 2021, 09:20:40 AM
I am stil wondering why loads of companies will be delaying in terms of addding crypto to their paymetn structure,  i understand that the space is volatile and all of that but if they so not want to pay in assets like bitcoin then they can either adopt  a project or tokenize their project so as to pay people in the native currency.
If you mean "adoption", aside from talking about legality, company scalability needs to be considered first before actually implementing it in the company. Of course bitcoin is the best financial solution if the company involves consumers around the world.

About companies investing in large amounts of bitcoin, actually it's not that extraordinary and I don't think it needs to be published. In fact, every day you will see on whale alerts channel some transfer of assets that are worth more than the companies invested. Without the role of these companies, bitcoin still has enthusiasts.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: wiss19 on May 06, 2021, 04:52:22 PM
Tesla’s first quarter earnings report released on Monday showed that the company sold off 10 per cent of its Bitcoin holdings. It made $272m in proceeds and $101m in profit from Bitcoin.

The car maker made more money from Bitcoin than car sales. Tesla’s profits hit $438m with nearly a quarter of that earning coming in Bitcoin sale.- "punch"
The blockchain technology, which is the technology that powers bitcoin, is what they will incorporate.
They can choose to make bitcoin a payment method so that their buyers can make payment with it and they in turn be receiving the assets.

Or they can also be investing their money in it, which is the new trend this time around, we have already seen a lot of them that are investing in it. With the level of profit that Tesla has made now, they will be convinced to start investing more money into bitcoin so that they can make huge profit like this.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: conected on May 06, 2021, 06:17:16 PM
actually very profitable for companies that store bitcoin because they will benefit very much from bitcoin. at this time we can see an example of a company that has taken advantage of bitcoin, namely the Tesla company, recently they have taken 10% profit from the bitcoin they have, they are very lucky because they have bought bitcoin.
if other companies also buy bitcoin they will definitely benefit like the Tesla company, besides that the price of bitcoin will also be even more expensive because of the very large purchases of bitcoin on the crypto market.
- Tesla is a smart company, they know the needs of the crowd and know the strengths of bitcoin during the pandemic, which helps them reap a huge amount of money from their investment but not all combinations will be wise, bitcoin's volatility is not too strange a picture, other companies are planning very carefully on this issue, which will be an important decision. But given the pressure from the pandemic and the lack of income, the medium term would be a good match for bitcoin, so glad we're in bitcoin and not giving up.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: isaac_clarke22 on May 06, 2021, 07:38:43 PM
~
Well there are platform that pulled out BTC payment method back then.
I remember Valve allowing  Bitcoin payment into their Steam platform back in the days, but then pulled it out due to unstable price but let's be honest that they didn't want to face bearish market cause that might be losses in their end in case they decided to liquidate.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: MrcMrc on May 06, 2021, 08:46:13 PM
Tesla made so many profits from bitcoin and that is why Elon Musk name himself the King of crypto, which is a sign that the business executive (Elon Musk), car maker. Is now enjoying the financial freedom Bitcoin and other altcoins give to companies and individuals.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: SaShiRaJaVu on May 06, 2021, 09:00:08 PM
As far as I know, Tesla did a "Liquidity Test". Something like that, Elon somehow mentioned that in one of his tweets before when Tesla sold some amount of Bitcoin, because of liquidity, instead of using cash.
To be frank when Elon Musk said that he was testing the liquidity when news came out they sold the coins what they invested recently and made a huge profit he came out and made another tweet claiming that it was a liquidity test which is another troll.

In terms of Bitcoin profits instead of their company itself, it's really good since that Bitcoin itself is just their investment which included on their balance sheet, so overall, it's good for all companies that got Bitcoin on their balance sheets, just like Microstategy.
It depends upon the company whether they want to diversify their asset to investment. Tesla made the choice to investing in Bitcoin and so does investment firms such as Microstategy but that does not mean that every other company should hold their assets in cryptocurrency.
What i would like to see is that majority of the companies accepting Bitcoin as a mode of transaction and if they are incorporating Bitcoin in that aspect that is the way every company should proceed moving forward as i do not care whether they are holding Bitcoin or not in their balance sheet.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: harapan on May 06, 2021, 10:33:45 PM
Tesla’s first quarter earnings report released on Monday showed that the company sold off 10 per cent of its Bitcoin holdings. It made $272m in proceeds and $101m in profit from Bitcoin.

The car maker made more money from Bitcoin than car sales. Tesla’s profits hit $438m with nearly a quarter of that earning coming in Bitcoin sale.- "punch"

Seeing how much they were able to make from that bitcoin sell, I'm expecting tesla to go big again soon and add more bitcoin to their portfolio. Also, when other firms and companies see how much tesla made from their investments in bitcoin, they would readily follow suit in order to get a piece of the hot crypto cake. Only problem is that they would all be only after the gains they would make and nothing more. What we wanted for Bitcoin but with a different motive rather than adopting it as the de facto payment method.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: arapgeceleri on May 06, 2021, 11:27:09 PM
Including bitcoin will be a forward-looking investment tool for many companies. As big companies invest in bitcoin, I think competition begins to form between them. In the future, when the cryptocurrency market and blockchain technology will have more places in the world, these large companies will benefit greatly. Another factor that will contribute to the growth of this market is that big companies invest in bitcoin.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: AakZaki on May 07, 2021, 12:59:20 PM
other large companies of course still need to do research to get into Bitcoin.

Maybe because of Tesla's success in bitcoin and making prices rise, other companies want to come in and hope to get more profit apart from selling their products.

Bitcoin is becoming a major investment followed by other large companies. Right now it's not just companies, some people who were originally in stock investing, are now starting to switch to cryptocurrency.


Title: Re: Kết hợp BTC có phải là con đường phía trước cho hầu hết các công ty không?
Post by: noorammak on May 07, 2021, 03:23:57 PM
Tesla invests in Bitcoin and they have made a good return on their actions. Metroline auto insurance company recently announced the adoption of Bitcoin as a payment unit in its contracts, and it plans to buy $ 10 million worth of Bitcoin.

Link:
https://finledger.com/2021/05/06/metromile-adds-bitcoin-as-payment-option-to-create-fairer-insurance-for-all/

https://cointelegraph.com/news/nasdaq-listed-insurer-metromile-plans-10m-bitcoin-purchase

I think companies' bitcoin investment trends will spread around the world in the future.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: uneng on May 07, 2021, 03:35:00 PM
Incorporating bitcoin is the way not only for companies, but for everyone. It's important to have some reserve of funds in bitcoin, and Tesla has already shown how it can be useful. In the currently stage we are is the world it's a fact nobody should rely their finances in fiat, which loses more and more value day by day.
For companies bitcoin holdings can be even more necessary, because many of them are having a hard time, suffering to sell some services or goods due to the chaotic worldly broken economy. We see many businesses are closing the doors or firing a lot of employees, because they can't keep it going anymore. So bitcoin can indeed be very welcome for these businessmen right now, and the way forward.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: Xinarae* on May 07, 2021, 03:35:55 PM
Bitcoin price increases have doubled the demand for bitcoin many countries around the world are improving their countries by adopting bitcoin. Investment is helping to improve the country's economy various companies are choosing this currency for investment adding new organizations I think the inclusion of BTC is the way forward for most companies because blockchain technology has made cryptocurrency transactions easier. Everyone can easily accept and trade cryptocurrencies.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: sapnu on May 07, 2021, 03:52:51 PM
At some point, those company are trying to outlook the future by predicting that sooner or later, crypto or mainly bitcoin would be a legal mode of payment and will be revolutionalize. We've seen Tesla buying large stock of bitcoin and started incorportaing bitcoin as one of their mode of payment because they are aware on how beneficial it will be for them in the near future. They saw that bitcoin has the potential of helping their financial state become stable or advanced that's why we can see a lot of companies involving bitcoin or other crypto within their field of work.


Title: Re: Is Incorporating BTC the way forward for most companies?
Post by: ModelT on May 07, 2021, 07:34:37 PM
No, some companies care about the environment, their image and profitability. It's unlikely bitcoin will be the best option for any of those in the long run.

ETH has had a higher return than BTC over the last 1 & 5 years. Tesla's market cap is down since announcing their BTC purchase and their environmental image has taken a hit with more potential customers than they gained by adopting btc- https://mattelston.com/2021/03/24/teslas-bitcoin-folies/