Which other company will support Bitcoin next?

[Lucius]

Now that we have several prominent companies supporting Bitcoin, I'm starting to wonder which company will be next?

I would rephrase the question a bit and ask which of all these companies will stay with Bitcoin even if things go downhill? Also, all attention has been focused on large American companies, although some will say that they are positioned globally - but one should still wonder why some other large global companies have not shown interest in investing in BTC so far?

It seems to me that there is simply too much centralization in everything that has been happening lately - the biggest exchange Coinbase - the biggest crypto fund Grayscale - the biggest companies like PayPal, Tesla, MicroStrategy and all that US based.

Will it be Walmart, Amazon, or Apple? What do you think will happen if one (or all) of these major companies invest in Bitcoin? Will it benefit the market immediately? Or will it take some time? Do you think such companies will control a huge portion of Bitcoin's supply, effectively making it centralized? Your input will be greatly appreciated. Thanks in advance.

What doesn't seem likely to me is Apple whose shareholder is the famous Warren Buffett (Berkshire Hathaway Inc - 5.96% of total shares), and we all know what he thinks about BTC. Furthermore, there is no doubt that such news would have a positive effect on price, but only in the short term - we have an obvious example of Tesla and PayPal having their 5 crypto minutes - and today the price is equal to that produced by the news of Tesla's $1.5 billion investment in BTC.

Inevitably, BTC will be centralized in the sense that large quantities will end up in one place - and when it comes to American companies, we know that everything ends up in Coinbase Custody, and that Coinbase has under its control around 1 million BTC.

[Alucard1]

Maybe we just need to wait for the time of it, it will happen soon, a lot of companies now are exploring the crypto community, they are now strating to invest in bitcoin which affects the market. It all started with the post halving way back last year before the year ends and followed by the tweet of Elon Musk about bitcoin which creates a big hype for the bitcoin community and now companies and countries are believing in bitcoin, hoping that we could have more good news regarding this.

[kryptqnick]

I think it would be very cool for a company like Walmart to adopt Bitcoin (even though we don't have their shops in my country) because it would boost the availability of choice of what to pay for with BTC very fast. Amazon could also be a great choice for a similar reason, but I'd be less excited about that because Amazon is for online payments, and it only seems natural when Bitcoin is adopted for those. Unfortunately, I don't think these two are going to be interested in adopting Bitcoin anytime soon because the fees are making it ridiculous. Even if you go to Walmart and buy tons of stuff, paying $100 for the things you've bought, you probably won't be thrilled with paying a $50 transaction fee at all. And there are many things on Amazon which are also not that expensive, so the current fees make Bitcoin useless as a kind of payment there.

[LogitechMouse]

I'm starting to wonder which company will be next? Will it be Walmart, Amazon, or Apple? What do you think will happen if one (or all) of these major companies invest in Bitcoin? Will it benefit the market immediately? Or will it take some time? Do you think such companies will control a huge portion of Bitcoin's supply, effectively making it centralized? Your input will be greatly appreciated. Thanks in advance.

The most interesting point in your topic a question about centralization. We know Bitcoin is a decentralized cryptocurrency, but if a major part of Bitcoin accumulates by all the centralized organizations then we will face a problem. Because due to holding a major part of the Bitcoin they will able to manipulate the Bitcoin market as they want. I know if one or all of these companies invest in Bitcoin then the price would record a new ATH and also it would be a massive adaption. But most probably it would drive to centralization as you said. Rather than accumulate a huge amount, if they accept Bitcoin for payment, then it would be massive and long time adaption forever until they accept.

I'm thinking of this already for quite some time (maybe months already) that what if all of these major companies and establishments accumulate a huge portion of all the Bitcoins. A once decentralized currency might become a centralized because of them and because of these companies holding a huge chunk, they might dump if not all then most of their holdings at the same time. TBH, I'm also thinking that they might dumped some in the recent correction .

Now with the question of the OP, maybe we might see some companies that will join the ride too and not only them maybe but some other websites too. Maybe some small and medium businesses might accept cryptos in the future. We might see cryptos being used in the public or even in schools.

[suzanne5223]

Before any company could support Bitcoin their board of directors will conclude it, all the previous companies that support Bitcoin today don't just wake up in a day and make the decision.
Therefore, it hard to know or tell the company that will support Bitcoin next but more companies will surely join the crypto investment and we don't need to be naive about the companies either because most of them joined crypto setting to increase their Bitcoin holding instead of buying it with their money and it will be nice if we limit the way we spend our holding.

[uneng]

Maybe the next adopters will be governments from some cities and states, like some have already showed interest in paying public employees wages and accepting payments from citizens for public services in bitcoin. However it's easier said than done, because there is so much bureaucracy to be fullfiled in public administration that an adoption like this ends becoming really hard on practice.
From the adoption perspective it's much easier for a private company/business to adopt bitcoin than a public administration.

[Gamerholic]

I think the most important thing is that these events took place. The listed companies have shown the world an example and then it is up to others. It is not yet clear what these companies will be - but it is clear what they will be. I would like to see some kind of unity among technology companies that will continue this trend, as well as large banks that will show their attitude by such steps. We would like to see electricity generating companies allow the private sector to pay with cryptocurrency. That will be great!

[Asuspawer09]

After the Tesla announcement, I was looking forward to Apple Company being the next giant company that will go and uses bitcoin, as the Apply company I just think that bitcoin will fully suit Apple.

I mean Apple is of the top giant companies and seeing this company invest in bitcoin will surely be big news in the cryptocurrency community just like what happened on Tesla.

We can easily see a push in  the  price of  bitcoin  and I think that  could potentially be the reason why bitcoin will reach 100k$ in the market and even more because of this company.

[MinoRaiola]

How can experts say that there are few people own bitcoin if the market itself show how much users there are and not counting those who are just hodling. But I agree to the fact that Bitcoin isn't the most efficient way to be use as a means of payment due to stability of the price to fluctuate anytime. If I were to implement a means of payment on my business then I rather choose USDT or BUSD or any other stable coin out there to avoid the pump and dump when transacting.

I just hope that more and more companies implement crypto on their business, not just Bitcoin but rather other cryptocurrencies so we may be able to pick which crypto is the most convenient when it comes to transaction fee, transaction speed and available crypto.

It is not a lie, compared to the "normal" world and the fiat system, the percentage of bitcoin owners is low. I like to ask 10 people in the Freundeskreis and I can't get 3 out of 10. Bitcoin could be so big and valuable, but at least 6 out of 10 should have btc and then the rest will come by itself.

[AmoreJaz]

Before any company could support Bitcoin their board of directors will conclude it, all the previous companies that support Bitcoin today don't just wake up in a day and make the decision.
Therefore, it hard to know or tell the company that will support Bitcoin next but more companies will surely join the crypto investment and we don't need to be naive about the companies either because most of them joined crypto setting to increase their Bitcoin holding instead of buying it with their money and it will be nice if we limit the way we spend our holding.

or maybe some of these companies are in the late stage of implementation already. of course, we will know it once they publicly announce the integration of btc or crypto in their system. but more then likely, a lot of companies are already looking into this.
when paypal and tesla announced the integration of crypto, i guess, some of these big companies are also into this but they still have reservations to announce it to the community. let's wait and in time, we will know these companies that will finally join this crypto revolution.

[slaman29]

After the Tesla announcement, I was looking forward to Apple Company being the next giant company that will go and uses bitcoin, as the Apply company I just think that bitcoin will fully suit Apple.

I mean Apple is of the top giant companies and seeing this company invest in bitcoin will surely be big news in the cryptocurrency community just like what happened on Tesla.

We can easily see a push in  the  price of  bitcoin  and I think that  could potentially be the reason why bitcoin will reach 100k$ in the market and even more because of this company.

Don't forget though, people in this space. All the Tiktok videos and influencers and gamers and redditors. These are nerds and geeks like us who actually do love Elon Musk and Tesla. They respect him.

I am not sure Apple is as well loved or respected, in fact I see it get a lot of hate.

It'll be a different thing if Apple adopts BTC because Microsoft did it in the past too remember?

[oHnK]

After the Tesla announcement, I was looking forward to Apple Company being the next giant company that will go and uses bitcoin, as the Apply company I just think that bitcoin will fully suit Apple.

I mean Apple is of the top giant companies and seeing this company invest in bitcoin will surely be big news in the cryptocurrency community just like what happened on Tesla.

We can easily see a push in  the  price of  bitcoin  and I think that  could potentially be the reason why bitcoin will reach 100k$ in the market and even more because of this company.

Don't forget though, people in this space. All the Tiktok videos and influencers and gamers and redditors. These are nerds and geeks like us who actually do love Elon Musk and Tesla. They respect him.

I am not sure Apple is as well loved or respected, in fact I see it get a lot of hate.

It'll be a different thing if Apple adopts BTC because Microsoft did it in the past too remember?

In the investment world, I dont think that love or hate on a individual can be a indicator to push the market. But, who is the whale and what the whale said is the biggest issue that really can influence the market. The point is who have much money and be the whale in this market, thats enough! No matter, he is hated or not. As long, he buy many BTC, it means he support the price.

[suzanne5223]

Before any company could support Bitcoin their board of directors will conclude it, all the previous companies that support Bitcoin today don't just wake up in a day and make the decision.
Therefore, it hard to know or tell the company that will support Bitcoin next but more companies will surely join the crypto investment and we don't need to be naive about the companies either because most of them joined crypto setting to increase their Bitcoin holding instead of buying it with their money and it will be nice if we limit the way we spend our holding.

or maybe some of these companies are in the late stage of implementation already. of course, we will know it once they publicly announce the integration of btc or crypto in their system. but more then likely, a lot of companies are already looking into this.
when paypal and tesla announced the integration of crypto, i guess, some of these big companies are also into this but they still have reservations to announce it to the community. let's wait and in time, we will know these companies that will finally join this crypto revolution.

It normal that Paypal and the Tesla integration of Bitcoin will inspire more companies to add Bitcoin to their procedure of payment but despite the benefits of Bitcoin integration, some companies won't support the motives while some companies will.
Meanwhile, it hard to know what will happen in the crypto market after this year which I believe bearish is what will happen and some of the companies that support crypto may choose to remove it due to their lack of knowledge cause they are into Bitcoin because of profit.

[slaman29]

Don't forget though, people in this space. All the Tiktok videos and influencers and gamers and redditors. These are nerds and geeks like us who actually do love Elon Musk and Tesla. They respect him.

I am not sure Apple is as well loved or respected, in fact I see it get a lot of hate.

It'll be a different thing if Apple adopts BTC because Microsoft did it in the past too remember?

In the investment world, I dont think that love or hate on a individual can be a indicator to push the market. But, who is the whale and what the whale said is the biggest issue that really can influence the market. The point is who have much money and be the whale in this market, thats enough! No matter, he is hated or not. As long, he buy many BTC, it means he support the price.

Oh but it can. Elon Musk was loved by a lot and he has a very influential following that also has a knock on effect. If this was Amber Heard Tweeting about DOGE, or some equally hated rich person like say Ed Woodward, you think people would be breaking down the walls to buy DOGE? No way jose:)

[oHnK]

Don't forget though, people in this space. All the Tiktok videos and influencers and gamers and redditors. These are nerds and geeks like us who actually do love Elon Musk and Tesla. They respect him.

I am not sure Apple is as well loved or respected, in fact I see it get a lot of hate.

It'll be a different thing if Apple adopts BTC because Microsoft did it in the past too remember?

In the investment world, I dont think that love or hate on a individual can be a indicator to push the market. But, who is the whale and what the whale said is the biggest issue that really can influence the market. The point is who have much money and be the whale in this market, thats enough! No matter, he is hated or not. As long, he buy many BTC, it means he support the price.

Oh but it can. Elon Musk was loved by a lot and he has a very influential following that also has a knock on effect. If this was Amber Heard Tweeting about DOGE, or some equally hated rich person like say Ed Woodward, you think people would be breaking down the walls to buy DOGE? No way jose:)

Elon Musk can push the market because he is one of the whales. He is loved because He support the crypto market and be one of the investor. For the popular conglomerate, Elon really have the influence because of his choice and his mind about Crypto Meanwhile there are many crazy rich that never interested with Crypto such as Warren Buffet. He is enough hated by many crypto investor, but what He said cant give any influence for market, right ?

[Iranus]

It normal that Paypal and the Tesla integration of Bitcoin will inspire more companies to add Bitcoin to their procedure of payment but despite the benefits of Bitcoin integration, some companies won't support the motives while some companies will.
Meanwhile, it hard to know what will happen in the crypto market after this year which I believe bearish is what will happen and some of the companies that support crypto may choose to remove it due to their lack of knowledge cause they are into Bitcoin because of profit.

In fact, if an institution/company invests in Bitcoin, it is not very pleasant. The company may invest in Bitcoin for their own profit and sell Bitcoin again if their profit target has gained. The most effective is when companies use Bitcoin as their payment method. Bitcoin should increase its uses to increase adoption permanently, I would expect institutions and companies to invest in Bitcoin as well as choose Bitcoin as their internal and external transaction method.

[repear7]

Bitcoin is most popular cryptocurrency and already some big companies start accepting BTC. Now tesla can be purchased with BTC. It’s a good inspiration for other companies. And i think Amazon will invest in bitcoin soon.

[herurist]

Now that we have several prominent companies supporting Bitcoin, I'm starting to wonder which company will be next? Will it be Walmart, Amazon, or Apple? What do you think will happen if one (or all) of these major companies invest in Bitcoin? Will it benefit the market immediately? Or will it take some time? Do you think such companies will control a huge portion of Bitcoin's supply, effectively making it centralized? Your input will be greatly appreciated. Thanks in advance.

I'm still not sure about the three options above, be it Amazon, Apple or Walmart. because so far their reaction has hated the growth of Bitcoin. But it cannot be denied if one of them really gave in and decided to immediately adopt Bitcoin. But on the other hand, whether their corporate investors will agree with the decision. still very polemic. I would like to give my opinion, but rather than speculating, I would rather analyze the progress of their future reactions to Bitcoin.

[dimonstration]

Bitcoin is most popular cryptocurrency and already some big companies start accepting BTC. Now tesla can be purchased with BTC. It’s a good inspiration for other companies. And i think Amazon will invest in bitcoin soon.

There are many news and rumors before that amazon will accept btc in payment but it did not happen yet, soon maybe once adoption is too big that the market is widely used crypto amazon might consider adding it as payment method as well investing in to it, who knows maybe the owners have already invested in to it.

[suzanne5223]

It normal that Paypal and the Tesla integration of Bitcoin will inspire more companies to add Bitcoin to their procedure of payment but despite the benefits of Bitcoin integration, some companies won't support the motives while some companies will.
Meanwhile, it hard to know what will happen in the crypto market after this year which I believe bearish is what will happen and some of the companies that support crypto may choose to remove it due to their lack of knowledge cause they are into Bitcoin because of profit.

In fact, if an institution/company invests in Bitcoin, it is not very pleasant. The company may invest in Bitcoin for their own profit and sell Bitcoin again if their profit target has gained. The most effective is when companies use Bitcoin as their payment method. Bitcoin should increase its uses to increase adoption permanently, I would expect institutions and companies to invest in Bitcoin as well as choose Bitcoin as their internal and external transaction method.

After all that has happened to the world economy at large and how the Bitcoin market proves to be the best alternative which is the reason why Elon Musk also has no choice but to integrate Bitcoin more institutions will also do the same and no one can tell the companies name until they make public announcement. However, we also need to be prepared for what will happen when it market blood bath.