US investment firm wedbush: “bitcoin market and recruitment prospects in the next few years”

US investment firm wedbush argued in a memorandum released on the 15th that Tesla’s purchase of BTC “may be a paradigm shift”. What companies like bitcoin, PayPal, square and visa are starting to enter is not only speculative demand for bitcoin, but also crypto assets (virtual currency) and blockchain will be used in technology and various businesses in the next 10 years, he said, because of the possibility of impact. In the next few years, the wave of cryptocurrency transactions, bitcoin investments and blockchain projects is likely to rise. This is because the current rise in bitcoin is seen as the beginning of a new era of digital money, not fashion. Electric car giant Tesla is buying about $1.5 billion in bitcoin, according to a filing with the securities and Exchange Commission. The possibility of long-term holding purpose investment in the investment strategy is suggested. It was also mentioned that Tesla might accept bitcoin as a payment method in the future. Wedbush predicts that in the next 12-18 months, less than 5% of listed companies will buy bitcoin after Tesla. However, this number is expected to increase as cryptocurrency regulations and public awareness increase. He also said that bitcoin was just beginning to gain momentum globally, especially in terms of transactions, and the moves by MasterCard and Tesla had made a significant contribution to this momentum. The impact of Tesla’s launch of bitcoin payment is also described as follows: given the global trend of cryptocurrency, Tesla’s acceptance of bitcoin as a payment method will cause a chain reaction among other automobile manufacturers, and will start to follow the same path in the next six to 12 months. It is thought that other car manufacturers may follow suit and accept cryptocurrency as a means of payment. High volatility is a purchasing barrier, and wedbush believes that there are not many companies buying bitcoin in the short term, which is consistent with the research conducted by Gartner, a research consultancy. According to a survey released by Gartner on the 16th, only 5% of business owners said they would invest bitcoin as corporate assets later this year. Many companies use “financial risk from high volatility” as a reason to stop bitcoin investment. On the other hand, technology companies are more compatible with bitcoin than other companies, with 50% of respondents saying they may eventually invest in cryptocurrencies. MasterCard will also offer direct payment using virtual currency. As mentioned by wedbush, MasterCard, a major payment company, has announced plans to support direct payment in cryptocurrency by the end of 2021. “It is undeniable that digital assets are becoming an important part of the payment sector, both supporters and skeptics of cryptocurrencies,” he said He added that he would work directly with cryptocurrency on the MasterCard network later this year. The challenger of the gray bitcoin trust (GBTC), the Osprey bitcoin trust, began its diplomacy on the spot. Ontario regulators approved the application, and evolve won the second Canadian bitcoin ETF airline private fly: by January 2021, about 13% of passengers paid in bitcoin

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