Nobody wants to miss out on the opportunity to invest in Bitcoin. And it is that, after the richest man in the world, Elon Musk, announced that his company Tesla had invested 1.5 billion dollars in BTC. Several top-tier companies and investors would be announcing their interest in crypto assets. With the news that even Twitter is studying how to buy Bitcoin being commented on by Jason Yanowitz in the Tweet of today:
Twitter assesses getting into Bitcoin
In hindsight it may seem strange that Twitter hasn’t entered the cryptocurrency market yet. And, the social network has been characterized during its history by betting on disruptive and decentralized technologies. This due to the influence of its CEO and founder Jack Dorsey, one of the most important figures in the crypto world. Thanks to the support you have consistently given to currencies like Bitcoin.
In fact, Dorsey’s second company, Square, invested 1% of all its assets in Bitcoin. Being one of the pioneering companies in the United States not only in the adoption of cryptocurrencies, but also in the incorporation of them within its business model. An experiment Dorsey has not taken to Twitter until now.
And, during CNBC’s Squawk Box program, Twitter’s CFO, Ned Segal, confirmed that Twitter is studying how to buy Bitcoin. Also admitting that they would like to start paying the employees and suppliers of the company that they want with the cryptocurrency.
«Twitter’s CFO says they are studying how to pay employees in Bitcoin and how to put Bitcoin on their balance sheet. It’s just a matter of time».
If this move finally takes place, Twitter could be the third large traditional company in the world to enter the Bitcoin market. This right after Tesla announced on Monday the purchase of 1.5 billion dollars in BTC, driving an increase in the price of the cryptocurrency. Which, however, could be modest compared to what would happen if Twitter and other large companies started acquiring Bitcoin.