Latin American e-commerce giant bought $ 7.8 million worth of bitcoins

[BitcoinPanther]

Damn. More and more big hands join the race. I wonder whether any bitcoin left for us haha. Bitcoin lately has no significant movement but I bet it is having the largest accumulation ever. Too many good news but it still wanders around $56000

$90000 is definitely viable. Try to work more and buy more bitcoin

I think even $100k is viable. Bitcoin had surged to 57k+ and that is a significant movement, even breaks the $60k barrier and hits $64,863.10 according to CMC.  With more company joining the race, I think it is just a matter of time before Bitcoin breaks the $100k  barrier.

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[bitzizzix]

Damn. More and more big hands join the race. I wonder whether any bitcoin left for us haha. Bitcoin lately has no significant movement but I bet it is having the largest accumulation ever. Too many good news but it still wanders around $56000

$90000 is definitely viable. Try to work more and buy more bitcoin

I think even $100k is viable. Bitcoin had surged to 57k+ and that is a significant movement, even breaks the $60k barrier and hits $64,863.10 according to CMC.  With more company joining the race, I think it is just a matter of time before Bitcoin breaks the $100k  barrier.

This is the beauty of bitcoin slowly but surely and only time will tell, as time goes by, bitcoin is increasingly in demand by large companies and big people and various circles to get involved with bitcoin.
Apart from being able to store bitcoin value, this also serves as their trading transaction and this is a sign of a significant and mutually beneficial growing adoption that will continue for the next newcomer.
to reach 100K I firmly believe this year will come true and maybe more than that.

[famososMuertos]

In recent days I read that the owner or main shareholder of eBay is interested in bitcoin, eBay  had Mercado Libre shares. Let's say there is some connection.

In particular, I believe that these movements, although with a corporation behind them, are occurring due to the leadership behind the individuals in each of these companies.

Behind the case of Mercado Libre is a guy like Marcos Galperin, a successful investor, not as popular as Elon Musk.

By the way, other important institutions such as JP Morgan have or had shares in Mercado Libre.

So the "orange" fire is burning in the pockets of these leaders and they are generating trust in their environment.

[macson]

Behind the case of Mercado Libre is a guy like Marcos Galperin, a successful investor, not as popular as Elon Musk.

By the way, other important institutions such as JP Morgan have or had shares in Mercado Libre.

So the "orange" fire is burning in the pockets of these leaders and they are generating trust in their environment.

The interest of Mercado Libre in cryptocurrencies goes in line with comments from its CEO early this year. Marcos Galpering, Argentine billionaire and CEO of the e-commerce platform, said bitcoin is a better store of value than gold.

Marcos Galpering has long watched Bitcoin and trusts Bitcoin more than gold.  not as popular as elon musk, but he successfully listed his company name as one of the big companies investing in Bitcoin.

[verita1]

OMG! This is great news! I bought my first SmartPhone last year at MercadoLibre in Venezuela. Because it is a wide e-commerce network in Latin America. When I chose my phone, I offered the seller to pay in bitcoin and he accepted, in view of his positive response, I preferred to pay him in ethereum for the transaction time and the cheaper fees that he also accepted.

It is unavoidable! One day it will happen to more businesses around the world. Bitcoin and cryptocurrencies are here to stay and contribute to improving economies in any corner of the planet.

[Bilgent]

I find it really low amount of investment considering their marketcap which is around 73 billion dollars now. But it is still good news for Bitcoin adoption of course. And maybe they might have a strategy like MicroStrategy that made $10m investments in parts instead of investing all of it at once.

[uneng]

Mercadolibre is taking this adoption really seriously. They will be also accepting payments in bitcoin on their platform in Argentina and probably on the next year or years bitcoin will be accepted as payment method also in another countries where the the platform operates. I think they want to start step by step, only in Argentina for now to see how it works and soon as they get some experience with crypto, the feature will be extended. I just hope they don't retreat from now on like another platforms did, like Steam, which accepted bitcoin for a while, but due to volatility removed the feature after some time.

[Alucard1]

It's nice to hear good news like this, Latin American e-commerce is really a big company, its great to see that big companies are now trusting cryptocurrency especially bitcoin. I wonder what would be the next for this, hoping that a lot of companies or all companies will invest in bitcoin as well, it will push the mass adaption if most of the big companies in different countries will invest in bitcoin, it will persuade some citizens as well to try bitcoin, including those people who don't have good knowledge yet in cryptocurrency.

[TastyChillySauce00]

about a damn time. crypto is the future and if a tech giant didn't try to invest in blockchain technology it has I doubt they deserve to be called "tech" giant anymore. The thing I like about crypto is that it opens up a whole new audience and corporates to the open source project and if a company tries to invest to bitcoin or any blockchain based project, i'm pretty sure they're open to the idea of cryptocurrency. at this point I'm really looking forward to any other large corporation joining hands developing crypto space alongside the open source community as well as adopting cryptocurrency.

[Kong Hey Pakboy]

I find it really low amount of investment considering their marketcap which is around 73 billion dollars now. But it is still good news for Bitcoin adoption of course. And maybe they might have a strategy like MicroStrategy that made $10m investments in parts instead of investing all of it at once.

They might be planning on buying more in the future and they are currently just testing the waters in the cryptocurrency scene. It is indeed a good news, so we all as an individual investor, we have to accumulate as much bitcoin there is because we don't want to be missing on prices going up since companies are buying bitcoin again.

[btc_angela]

I find it really low amount of investment considering their marketcap which is around 73 billion dollars now. But it is still good news for Bitcoin adoption of course. And maybe they might have a strategy like MicroStrategy that made $10m investments in parts instead of investing all of it at once.

Still big though for me, at least another millions worth is entering the ecosystem, so it's not that bad.

Yeah, its possible that they are just testing the waters and see how it goes. That's how wise investors is, not just going all in at once, so for sure they have think of this strategy. And maybe sooner when they have profited enough, they will invest more. So for now, this is just a start and pretty sure the next phase of bitcoin investment will be coming, pushing the price to at least 6 digits because of such company like Tesla and MercadoLibre.

[ilovealtcoins]

The investment amount of $ 7.6 million is not too large for one of the largest e-commerce businesses in America, but it shows that the trend of cryptocurrency adoption is appearing around the world.
At the same time, Metromile, a pay-per-mile auto insurance company, adopted Bitcoin as a payment unit for its service and planned to buy back $ 10 million worth of Bitcoin.

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

Bitcoin's value will increase to $ 1 million, which is sure to happen if companies worldwide will actively invest in Bitcoin.