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Author Topic: Is Incorporating BTC the way forward for most companies?  (Read 353 times)
arapgeceleri
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May 06, 2021, 11:27:09 PM
 #41

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.

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May 07, 2021, 12:59:20 PM
 #42

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.
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May 07, 2021, 03:23:57 PM
 #43

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.

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May 07, 2021, 03:35:00 PM
 #44

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.

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May 07, 2021, 03:35:55 PM
 #45

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.
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May 07, 2021, 03:52:51 PM
 #46

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.
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May 07, 2021, 07:34:37 PM
 #47

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/

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