Up to 5% of public companies will follow Tesla's Bitcoin buy, says Wedbush analy

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Up to 5% of public companies will follow Tesla's Bitcoin buy, says Wedbush analyst
Dan Ives, Wedbush Securities’ managing director, says companies are going to start FOMOing into Bitcoin very soon.

Tesla’s strategic embrace of Bitcoin (BTC) will have a dramatic impact on corporate adoption of the digital asset, according to Dan Ives of Wedbush Securities.

In a Monday interview with CNBC, Ives said Tesla’s exposure to Bitcoin is “not just a fad,” but part of a long-term strategy that’s driven by an investment thesis and business thesis.

“I think Tesla is going to double down on its Bitcoin investment,” he said.

“No double this is something Elon Musk and Tesla [...] they’re going to dive into the deep end of the pool on Bitcoin because they’re not just doing it from an investment perspective but from a transactional perspective.”

source: https://cointelegraph.com/news/up-to-5-of-public-companies-will-follow-tesla-s-bitcoin-buy-says-wedbush-analyst