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/
Topic: Is Incorporating BTC the way forward for most companies? (Read 353 times)
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.
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.
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.
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.
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.
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.
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.
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.
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.
Tesla’s first quarter earnings report released on Monday showed that the company sold off 10 per cent of its Bitcoin holdings. It made $272m in proceeds and $101m in profit from Bitcoin.
The car maker made more money from Bitcoin than car sales. Tesla’s profits hit $438m with nearly a quarter of that earning coming in Bitcoin sale.- "punch"
The car maker made more money from Bitcoin than car sales. Tesla’s profits hit $438m with nearly a quarter of that earning coming in Bitcoin sale.- "punch"
Seeing how much they were able to make from that bitcoin sell, I'm expecting tesla to go big again soon and add more bitcoin to their portfolio. Also, when other firms and companies see how much tesla made from their investments in bitcoin, they would readily follow suit in order to get a piece of the hot crypto cake. Only problem is that they would all be only after the gains they would make and nothing more. What we wanted for Bitcoin but with a different motive rather than adopting it as the de facto payment method.
As far as I know, Tesla did a "Liquidity Test". Something like that, Elon somehow mentioned that in one of his tweets before when Tesla sold some amount of Bitcoin, because of liquidity, instead of using cash.
To be frank when Elon Musk said that he was testing the liquidity when news came out they sold the coins what they invested recently and made a huge profit he came out and made another tweet claiming that it was a liquidity test which is another troll.In terms of Bitcoin profits instead of their company itself, it's really good since that Bitcoin itself is just their investment which included on their balance sheet, so overall, it's good for all companies that got Bitcoin on their balance sheets, just like Microstategy.
It depends upon the company whether they want to diversify their asset to investment. Tesla made the choice to investing in Bitcoin and so does investment firms such as Microstategy but that does not mean that every other company should hold their assets in cryptocurrency. What i would like to see is that majority of the companies accepting Bitcoin as a mode of transaction and if they are incorporating Bitcoin in that aspect that is the way every company should proceed moving forward as i do not care whether they are holding Bitcoin or not in their balance sheet.
Tesla made so many profits from bitcoin and that is why Elon Musk name himself the King of crypto, which is a sign that the business executive (Elon Musk), car maker. Is now enjoying the financial freedom Bitcoin and other altcoins give to companies and individuals.
~
Well there are platform that pulled out BTC payment method back then.I remember Valve allowing Bitcoin payment into their Steam platform back in the days, but then pulled it out due to unstable price but let's be honest that they didn't want to face bearish market cause that might be losses in their end in case they decided to liquidate.
actually very profitable for companies that store bitcoin because they will benefit very much from bitcoin. at this time we can see an example of a company that has taken advantage of bitcoin, namely the Tesla company, recently they have taken 10% profit from the bitcoin they have, they are very lucky because they have bought bitcoin.
if other companies also buy bitcoin they will definitely benefit like the Tesla company, besides that the price of bitcoin will also be even more expensive because of the very large purchases of bitcoin on the crypto market.
- Tesla is a smart company, they know the needs of the crowd and know the strengths of bitcoin during the pandemic, which helps them reap a huge amount of money from their investment but not all combinations will be wise, bitcoin's volatility is not too strange a picture, other companies are planning very carefully on this issue, which will be an important decision. But given the pressure from the pandemic and the lack of income, the medium term would be a good match for bitcoin, so glad we're in bitcoin and not giving up. if other companies also buy bitcoin they will definitely benefit like the Tesla company, besides that the price of bitcoin will also be even more expensive because of the very large purchases of bitcoin on the crypto market.
Tesla’s first quarter earnings report released on Monday showed that the company sold off 10 per cent of its Bitcoin holdings. It made $272m in proceeds and $101m in profit from Bitcoin.
The car maker made more money from Bitcoin than car sales. Tesla’s profits hit $438m with nearly a quarter of that earning coming in Bitcoin sale.- "punch"
The blockchain technology, which is the technology that powers bitcoin, is what they will incorporate.The car maker made more money from Bitcoin than car sales. Tesla’s profits hit $438m with nearly a quarter of that earning coming in Bitcoin sale.- "punch"
They can choose to make bitcoin a payment method so that their buyers can make payment with it and they in turn be receiving the assets.
Or they can also be investing their money in it, which is the new trend this time around, we have already seen a lot of them that are investing in it. With the level of profit that Tesla has made now, they will be convinced to start investing more money into bitcoin so that they can make huge profit like this.
I am stil wondering why loads of companies will be delaying in terms of addding crypto to their paymetn structure, i understand that the space is volatile and all of that but if they so not want to pay in assets like bitcoin then they can either adopt a project or tokenize their project so as to pay people in the native currency.
If you mean "adoption", aside from talking about legality, company scalability needs to be considered first before actually implementing it in the company. Of course bitcoin is the best financial solution if the company involves consumers around the world.About companies investing in large amounts of bitcoin, actually it's not that extraordinary and I don't think it needs to be published. In fact, every day you will see on whale alerts channel some transfer of assets that are worth more than the companies invested. Without the role of these companies, bitcoin still has enthusiasts.
Investing in bitcoin is really great decision for the Tesla company, they have earned huge profits from investing in it to the point that it reaches the amount of salary they have earned from selling cars. I think this would trigger some other big companies to invest as well in bitcoin, good thing for Tesla because they are the first big company who have invested with bitcoin and it really gives a good result for them, as they have sold 10% of their bitcoin.
For companies like Tesla, having bitcoin investments will help the company grow and attract more investors. As for the other companies who are also adopting the new hype and new kind of investments, it is also their advantage to use it the blockchain technology within their system. There are a lot of companies that are successful purchasing bitcoin and allowing crypto payments to their system.
Well, they are still underperforming despite buying bitcoin and selling bitcoin in profits. The problem with incorporating is that they are probably going to have a meeting and disagreement with the board whether they should integrate bitcoin or cryptocurrency as a payment system. Progress only moves forward and the companies that are going to ignore it is going to get left behind. 
Manufacturing will never cease to exist, investment businesses have always allowed companies to diversify, the sale of those shares is to demonstrate that there is profitability with bitcoin. Tesla sells cars, investors who put money in Tesla, did it for that, but at the end of the day (or fiscal year) they are only interested in their earnings.
Tesla’s first quarter earnings report released on Monday showed that the company sold off 10 per cent of its Bitcoin holdings. It made $272m in proceeds and $101m in profit from Bitcoin.
The car maker made more money from Bitcoin than car sales. Tesla’s profits hit $438m with nearly a quarter of that earning coming in Bitcoin sale.- "punch"
The car maker made more money from Bitcoin than car sales. Tesla’s profits hit $438m with nearly a quarter of that earning coming in Bitcoin sale.- "punch"
Tesla can be a role model for other big companies to invest in Bitcoin, because Tesla proved that investing in Bitcoin is very profitable.
I am sure that the earnings report released by Tesla will certainly attract many other companies. I believe in the near future there will be
several other companies following in Tesla's footsteps, so we will see the price of Bitcoin can jump very high if there are indeed several
other large companies investing in Bitcoin.
Tesla is a company that is openly investing in bitcoin. because this company many other companies are considering taking part in bitcoin. Tesla is also living proof that institutional investors are so welcome, they can power a bigger pump.
As far as I know, Tesla did a "Liquidity Test". Something like that, Elon somehow mentioned that in one of his tweets before when Tesla sold some amount of Bitcoin, because of liquidity, instead of using cash.
In terms of Bitcoin profits instead of their company itself, it's really good since that Bitcoin itself is just their investment which included on their balance sheet, so overall, it's good for all companies that got Bitcoin on their balance sheets, just like Microstategy.
In terms of Bitcoin profits instead of their company itself, it's really good since that Bitcoin itself is just their investment which included on their balance sheet, so overall, it's good for all companies that got Bitcoin on their balance sheets, just like Microstategy.
For companies like Tesla, having bitcoin investments will help the company grow and attract more investors. As for the other companies who are also adopting the new hype and new kind of investments, it is also their advantage to use it the blockchain technology within their system. There are a lot of companies that are successful purchasing bitcoin and allowing crypto payments to their system.
Jump to: