Tesla Inc.’s purchase of $1.5 billion in Bitcoin may have forced cryptocurrencies onto the agenda of corporate treasurers worldwide.
While crypto acolytes have been saying for some time that corporate adoption is imminent, in reality it had been limited to firms such as MicroStrategy Inc. and Square Inc. Tesla getting involved -- the fourth biggest company in the S&P 500 and helmed by the world’s richest man -- brings the discussion to the big leagues.
https://www.bloomberg.com/news/articles/2021-02-09/tesla-boots-the-bitcoin-bandwagon-closer-to-corporate-americaCorporate America is going after your coins, apparently. Beware! Now they even seen fundamental reasons for corporate crypto treasury exposure and expect others to follow suit! It is simply inescapable in a world surmounted by huge pile of debt when for the first time an asset like bitcoin arises. Welcome to the party