Tags : Corporate

Bitcoin

Bitcoin Weekly Outlook: Overbought Fears Persist Despite Corporate Boom

Key Bitcoin Takeaways Bitcoin bloomed higher last week despite weaker demand for safe-haven assets against a prosperous US economic outlook. The cryptocurrency’s upward move came as a part of its quarterly bullish trend as traders raised their BTC/USD bids against a flurry of corporate adoption news. Nonetheless, bitcoin has turned into an overbought asset that […]Read More

Market

Tesla’s Bitcoin Buy May Lead to Widespread Corporate Adoption –

Wedbush Securities, a Los Angeles-based privately held investment firm, foresees the corporate world emulating the U.S. electric car maker Tesla’s decision to buy bitcoin, just not this year.  In a note on Monday, Wedbush analysts called Tesla’s bitcoin investment a “game-changer” for the top cryptocurrency and blockchain technology, adding that it could pave the way […]Read More

Market

Tesla’s Bitcoin Buy May Not Trigger Wave of Corporate Demand,

While crypto traders foresee major corporates copying Tesla’s decision to invest in bitcoin, investment bank JPMorgan suggests otherwise. “The main issue with the idea that mainstream corporate treasurers will follow the example of Tesla is the volatility of bitcoin,” JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note reported by Bloomberg on Wednesday. Tesla, […]Read More