Big firms and companies investing in Bitcoin. Tesla, Micro Strategy and Twitter are just to name a few, pushing for global adoption.
Is this a sign for a long term investment or just pump and dump for them?
SourceTo me, i think these big companies have smart team and know what a good investment is. As such, i thnk they cant gamble with their company's revenue. Imagine using $1.5bn for the purpose of dumping and pumping?
They are companies that have seen the future of currency and fnance and are positioned to maximize the frst move advantage.
Big firms and companies investing in Bitcoin. Tesla, Micro Strategy and Twitter are just to name a few, pushing for global adoption.
Is this a sign for a long term investment or just pump and dump for them?
It is difficult to consider the influx of companies to btc as a "pump and dump scheme". Every visionary knows that the world is constantly evolving and changing, and since the start of the digital world (internet) that sooner or later, a new digital currency was bound to surface.
The btc train is a moving train, and most companies and individuals with enough resources are looking to join in and catch the gains, before the price value becomes stable. So i will say to the best of my understanding that to them, "Btc is considered a long term investment".
It is just like every other revolution that shifts the basis of competition of firms. That being said, what makes the camera to be disrupted by smartphone is innovation. So, as new innovation surface, companies that don't embrace them would become old fashioned companies in the future.
This is very important for companies to remain relevant. so, it is a long strategic investment.
[moderator's note: consecutive posts merged]