The market is separated by divergent views on Bitcoin. On the one hand, we have those who believe that companies and institutions will invest in Bitcoin, but, on the other, some maintain their position of rejection against crypto.
Tesla generates debates in the business world, time or not to buy?
After Tesla reported its investment in the leading crypto, many experts assured that more and more companies will join the market.
In fact, one of them was Michael Sonnenshein, CEO of Grayscale, who explained to CNBC that more technology leaders and institutional investors will follow Elon Musk’s lead.
Also, as we reported on CryptoTrend, Jim Cramer, CNBC presenter, assured that not buying Bitcoin is almost irresponsible. However, as always the opinions are divergent and not everyone thinks the same.
Twitter could invest in the leading crypto
For his part, the CFO of Twitter, Ned Segal, explained to CNBC that the company is open to the idea of adding Bitcoin to its balance sheet in case employees or vendors request to be paid in crypto.
Yes, as they read it. “We have thought a lot from the beginning to consider how we could pay employees if they ask to be paid in Bitcoin, how we could pay a provider if they request to be paid in Bitcoin and if we need to have BTC on our balance sheet,” Segal explained.
But he assured that, at least for the moment, Twitter is studying the possibility.
Elon Musk didn’t unleash a wave of new crypto investors
One of the most beautiful things about human beings, and undoubtedly more complex, is the diversity of thought and opinions. Therefore, it should come as no surprise that there are always two sides to the same coin and that divergent opinions are expressed about Bitcoin.
In this case, JPMorgan strategists were blunt on the crypto market in ensuring that Tesla’s investment will not necessarily trigger a ton of similar investments, according to Bloomberg.
And the truth is that we must contemplate the possibility that this is the case. For example, Mary Barra, CEO of General Motors, assured today that the company has no plans to invest in the crypto market.
In the same vein, Christine Lagarde, president of the European Central Bank, assured that the Bitcoin environment has not changed and, therefore, her opinion on crypto has not changed either.
And furthermore, he emphasized that central banks would not keep the leading crypto at least for the near future.
Ethereum could hit $ 20,000
Ryan Berckmans, founder of Predictions Global, warned through Twitter, which implied the increase in transaction fees in Ethereum and the implementation of the EIP-1559 improvement.
According to Berckmans, the implementation of the EIP-1559 could lead to a shortage of ETH that would translate into a boost in price. In fact, he estimates that the price of the crypto could reach $ 20,000.
In a few lines …
- Michael Saylor, CEO of MicroStrategy, insisted that the leading crypto is the world’s scarcest asset.
- Elon musk advised On Twitter, stay away from any crypto platform that does not offer you the private keys of your wallet.
- Russia received a shipment with 20,000 crypto mining devices.