2021-02-09 BB - Tesla Boots the Bitcoin Bandwagon Closer to Corporate America

[acquafredda]

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-america

Corporate 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

[TalkStar]

After Tesla's investment on bitcoin its pretty much clear that well established companies are joining the crypto community and we will see lot more in the upcoming days. Elon Musk have already been a daily news element for worldwide crypto users and specially for traders. When someone like Elon Musk start his journey with bitcoin then we can expect some big faces who will follow the same way. Entire crypto industry experienced massive growth on last few weeks and no way to deny that Tesla's investment was the main reason for that.

Now bitcoin community is much stronger and have worlds richest man in the club. Lets wait for the best and enjoy price growth of bitcoin.

[cr1776]

I am surprised that it is only US corporations so far.  Anyone (individual or corporate) with any sense anywhere in the world should have some percentage in bitcoin in order to protect themselves.  Once some US corporations start, others will follow and other ones around the world will do so too.

I think back to 1993 when the WWW was very new and many people were naysayers and didn't understand it and didn't care to take the time to figure it out.  It took quite a while, in fact one might say more than a 10-20 years, before people really began to understand the impact it would have.  (That doesn't even include the internet itself and email prior to the www).  Hopefully this is the real beginning of people understanding the value of crypto, and bitcoin in particular.

[acquafredda]

Usually it is always the US first almost on everything like that. It is only a matter of time before other countries will do something about it. I think the EU will be probably coming at the end because EU regulators are too worried about regulating everything regarding the crypto-assets.
https://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/12089-Financial-services-EU-regulatory-framework-for-crypto-assets