#Big companies unlikely to follow Tesla on Bitcoin: JP Morgan

#Big companies unlikely to follow Tesla on Bitcoin: JP Morgan

“#Big companies unlikely to follow Tesla on Bitcoin: JP Morgan” Tesla’s $1.5 billion investment in bitcoin probably won’t inspire other major companies to spend their corporate cash on cryptocurrency, JP Morgan analysts say. The electric-car maker’s move to spend 8 percent of its cash reserves on bitcoin spurred speculation that the digital currency might start…

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# Grayscale CEO: Firms race to buy Bitcoin as mood shifts from ‘why’ to ‘why not?’

# Grayscale CEO: Firms race to buy Bitcoin as mood shifts from ‘why’ to ‘why not?’

“# Grayscale CEO: Firms race to buy Bitcoin as mood shifts from ‘why’ to ‘why not?’ ” Grayscale CEO Michael Sonnnenshein says institutional demand for Bitcoin (BTC) has only increased, moving into 2021, following a record-breaking year that saw Grayscale’s assets under management soar to new heights. Sonnenshein told CNBC’s Squawk Box on Feb. 10…

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