Topic: Is Incorporating BTC the way forward for most companies? - page 3. (Read 425 times)
If you are talking about payment system or payment option then probably it isn't not yet the time because the adoption isn't that big yet so they don't have any merit adopting early besides occasional purchase with bitcoin but that's about it but it will change when the adoption goes faster and continues to grow and more people adopts it.
It depends on the company, their line of work, and I think that not all companies should use crypto.
Well, that's what Saylor is saying: that in the current environment, companies should replace most of their cash for bitcoin and only leave the minimum cash necessari for everyday functioning. whether he is right or wrong, time will tell. But it seems quite logical in view of the massive fiat printing and Bitcoin's price history (as well as its fundamentals).
I think Bitcoin will choose to invest rather than choose to pay because not businesses all over the world can accept Bitcoin because regulations are different in each country.
Investing in Bitcoin is risky for any business so I think only large businesses and diverse ecosystems will choose Bitcoin.
Investing in Bitcoin is risky for any business so I think only large businesses and diverse ecosystems will choose 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"
Pretty much anyone who has bought and held (or mined and held) - although the Tesla purchase/sale portion was more of a trade - for any length of time has done great. So yeah, smart companies are replacing some of their inflationary fiat with bitcoin.
As with a lot of businesses with cash on hand it's another investment. Sometimes you get lucky sometimes you don't.
Years ago Southwest Airlines made more money with their fuel futures purchase then they did flying people around.
Now that new IP4 address space is exhausted there are internet providers and other tech companies making more money leasing their address space then they do with the rest of their business.
If BTC had been doing a slow steady climb instead of the quick jump that it did, this and all the other discussions about Tesla holding BTC would not be happening.
-Dave
Years ago Southwest Airlines made more money with their fuel futures purchase then they did flying people around.
Now that new IP4 address space is exhausted there are internet providers and other tech companies making more money leasing their address space then they do with the rest of their business.
If BTC had been doing a slow steady climb instead of the quick jump that it did, this and all the other discussions about Tesla holding BTC would not be happening.
-Dave
Maybe you mean incorporating blockhain technology. Except you are referring to making bitcoin a payment option. Depending on what the case may be. Blockchain technology is evolving and alot of public and private firm have adopted this technology in solving most of their challenges and keeping up with what is in vogue. With the advent of decentralized finance, it makes financial services more convenient and easy to access.
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"
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