As you know that the value of Bitcoin is continually going up. In 2021 it can be considerably high. It is the best time to put your money in this digital currency and gain hefty profits. The best thing about bitcoin is that, when you invest in it, you can get profit in a short period. So you don’t have to wait for months to generate the money.
Bitcoin
With the advancement in technology, there are a lot of changes and improvements in society as well as the lifestyle. People use traditional money for their transactions. But Cryptocurrency has brought a great shift. It has multiple benefits to those who buy it. This is why many companies vouch for it. They know the potential value of Bitcoin. They have invested millions in this currency and encourage others to do the same.
In this post, you will get to know about five major industries that are taking a profound interest in Bitcoin. They have put their millions of dollars into it and are getting profits. Read on to see what they are up to and why they are interested in this currency.
There is a brief description of all five industries below that are trying to explore blockchain infrastructure and how much they have invested in Bitcoin.
1.Tesla
It is undoubtedly true that Elon Musk is keenly interested in the latest technologies. He considers Bitcoin as a profitable investment opportunity. He has been giving his opinion about this currency. By investing $1.5 billion, he has proved that he considers the future of Bitcoin as highly promising.
Tesla has also declared the allowance of Bitcoin. They accept it as a payment mode for the products they make. They will retain the Bitcoin received from buyers and will not convert them into traditional money.
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2.JP Morgan
Jamie Dimon, the CEO of JP Morgan used to overlook the importance of Bitcoin in the past. In 2017, he said it is a fraud. But recently, his views have changed a lot. He began taking interest in it. They speculate that bitcoin value can go as high as $146,000 in the long term.
The company is making efforts to facilitate the clients to get exposure to cryptocurrency and Bitcoin. This is an optimistic move by JP Morgan.
3.MicroStrategy
Since 2020, this business intelligence solutions company is actively making investments in Bitcoin. They have invested $475 million in it. They issued a senior note of $650 million to get funds and are planning to add more Bitcoins.
4. Paypal
Paypal is a worldwide payment company. They facilitate payments made through cryptocurrency. So they are playing a key role in helping BItcoin to enter the mainstream. It is a great facility for those who buy Bitcoins. Major online stores accept PayPal.
At the end of 2020, PayPal launched crypto payments for various cryptocurrencies including Bitcoin. Currently, users in the US can avail this. It will be for other countries too in the future.
There is a huge challenge to combat the volatility of this digital currency. PayPal is trying to combat this issue by accepting payments in fiat.
5.Goldman Sachs
Previously, Goldman Sachs had negative views about cryptocurrency. They have taken a sharp turn now. They are reviving this currency trading now. They have entered into the Cryptocurrency ecosystem because there is an increasing demand for it by their clients. In 2018, they paused their Bitcoin trending desk. But now they have resumed it.
You have read about the five major industries that are optimistic about investing in Bitcoin.
Conclusion
Many industry giants are taking interest in Bitcoin. They are investing in it or facilitating it. Consequently, the majority of individual investors are also taking steps to consider Bitcoin for investing. The value of Bitcoin is considerably high and it is predicted to surge in the coming days. The five major companies that vouch for Bitcoin are JP Morgan, PayPal, Tesla, Goldman Sachs, and MicroStrategy. Tesla has invested billions of dollars in Bitcoin and accepts it as a payment means for its products. So, it is encouraging clients to use this currency. Paypal also accepts cryptocurrencies. Some companies had unfavorable views about bitcoin in the past. They have changed their mind and are now talking in favor of it.