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Bitcoin Forecast: The Next Big Companies Who May Dive into The Bitcoin Craze
Global companies are already placing their money on cryptocurrency, do not miss out on learning the trade.
17:35 26 August 2021
Business insiders predicted that Facebook might publicise Bitcoin’s acquisition in its 1st quarter financial report. However, that rumour may not be true but only for the 1st quarter of 2021. As more and more companies are diving into the Bitcoin trend, experts speculate that other giants may follow. Microstrategy, Tesla, and Square already announced their cryptocurrency ventures. Retail companies also expressed their support for emerging financial technology. PayPal, Burger King, Tim Hortons, Coca-cola are among many others who opened their payment options for Bitcoins.
A few big companies are most likely to offer crypto-related services and products; thus, they can be candidates for going into the Bitcoin Trend. The expert forecast would implicate that retail e-commerce websites, social media, tech companies, and payment providers are the highest probable giants to purchase Bitcoin anytime soon. These companies may be aware that the cryptocurrency market is volatile and uncertain, but they may consider the investment gains they acquire through Bitcoins.
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Sergey Brin mentioned his cryptocurrency experience and his interest in the blockchain space. In 2019, Brin shared that he and his son once mined Ethereum when his son insisted, they purchase a gaming PC. “So, we got an ethereum miner on there, and we’ve been making a few pennies and dollars since.”
He also expressed his enthusiasm for research and improvement of blockchains. Google is a good candidate for crypto investment primarily because of Google Pay. As cryptocurrency is taking over the world of digital payments, Google can see a possibility for crypto integration.
Google payment app now accepts BitPay’s card and cryptocurrency as a mode of payment. However, innovation of the payment system feature may soon include buying, holding, and spending cryptocurrency directly via the Google Payment App. Though this is the only possibility of Google’s crypto adoption, a high probability that Google may purchase Bitcoin as their investment reserves is perceived.
Stating the obvious, Twitter’s co-founder, Jack Dorsey, is a Bitcoin advocate. His company, Square, reportedly purchased $ 50 million worth of Bitcoins last October, and this is Square’s second Bitcoin purchase already.
Just this February, Twitter’s chief financial officer, Ned Segal, mentioned that Twitter is highly considerate of Bitcoin’s investment opportunities. The company is looking into the possibility of including Bitcoin on its financial Balance Sheet.
Placing Dorsey’s strong advocate towards Bitcoin and Segal’s recent announcement into the equation, it would not be surprising if Twitter announces its Bitcoin’s venture sooner than experts thought.
Facebook may have disappointed Bitcoin spectators during the 1st quarter of 2021, but this does not mean that they are not looking at Bitcoin’s investment opportunities. Insiders reported that Facebook allocated capital to develop its cryptocurrency and wallet infrastructure. This report implies that the company is interested in the new technology of digital assets and payment systems.
It is expected this 2021 that Facebook will unveil its pilot digital currency, its stable coin, named “Diem”. The company is slowly jumping into cryptocurrency, backed by its new venture in stablecoin and digital wallet systems. Thus it would not be a revelation if they purchased Bitcoins as their financial reserves within the year. It added that Mark Zuckerberg, its CEO, and founder recently purchased and named his goats Max and Bitcoin.
The well-known credit card company announced in early February that it would be launching its cryptocurrency features soon. Mastercard will start allowing cryptocurrencies directly on their system. This move is their preparation in joining the future of cryptocurrency and payment systems.
Mastercard reiterated that their move is not to encourage users to shift to cryptocurrencies, but this gives them more options. This is their move as part of customer empowerment to use their money in whatever way they want it. Mastercard’s move is evidence that they trust new digital technology. They can see the forward direction of digital payment leaning on cryptocurrency and Bitcoins. Consequently, the credit card firm may soon invest and acquire Bitcoins as part of their balance sheet.
Trusted trading platforms are already incorporating the convenience of using credit cards in cryptocurrency trading. Credit card providers authenticate and authorize all transactions, and trading platforms powered by credit cards can be advantageous and secure.
Amazon’s possibility of adapting the cryptocurrency would change the world for retail and payment systems. This change would mean allowing Bitcoin or any other cryptocurrency to be a part of purchasing the daily needs of the public.
This speculation may be true as its recent job postings are for its new division called “Digital and Emerging Payments” for its developing digital currency project. Another reason Bitcoin’s speculation for Amazon is a buzz is its new CEO, Andy Jassy. Jassy pioneered Amazon Managed Blockchain, which allows the manipulation of Hyperledger and Ethereum. His exposure to blockchains may fuel the company’s cryptocurrency adaptation and investment.